The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Liberty Wealth Management LLC

Liberty Wealth Management LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,006 shares of the specialty chemicals company’s stock after selling 61 shares during the period. Liberty Wealth Management LLC’s holdings in Sherwin-Williams were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Farther Finance Advisors LLC boosted its stake in shares of Sherwin-Williams by 11.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,882 shares of the specialty chemicals company’s stock worth $1,320,000 after acquiring an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Sherwin-Williams by 16.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,088 shares of the specialty chemicals company’s stock valued at $710,000 after buying an additional 302 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Sherwin-Williams by 106.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 98,837 shares of the specialty chemicals company’s stock valued at $33,598,000 after buying an additional 50,904 shares during the last quarter. AGF Management Ltd. boosted its position in Sherwin-Williams by 2.9% in the 4th quarter. AGF Management Ltd. now owns 157,516 shares of the specialty chemicals company’s stock valued at $53,544,000 after buying an additional 4,429 shares during the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.1 %

Sherwin-Williams stock opened at $353.78 on Wednesday. The firm has a 50 day simple moving average of $353.36 and a 200 day simple moving average of $365.96. The firm has a market capitalization of $88.98 billion, a price-to-earnings ratio of 33.53, a P/E/G 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 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $1.81 earnings per share. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHW. Morgan Stanley cut their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $401.13.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction that occurred 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 owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.