Aviso Financial Inc. Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Aviso Financial Inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 18.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,229 shares of the specialty chemicals company’s stock after selling 732 shares during the quarter. Aviso Financial Inc.’s holdings in Sherwin-Williams were worth $1,098,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SHW. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter valued at about $32,000. Sierra Ocean LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $36,000. True Wealth Design LLC lifted its position in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the period. Finally, WR Wealth Planners LLC lifted its position in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHW. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Trading Down 0.0 %

Shares of Sherwin-Williams stock opened at $341.99 on Friday. The firm’s 50 day simple moving average is $353.85 and its two-hundred day simple moving average is $365.55. The firm has a market capitalization of $86.01 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the company posted $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 29.95%.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.