Wambolt & Associates LLC Sells 191 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wambolt & Associates LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 890 shares of the specialty chemicals company’s stock after selling 191 shares during the quarter. Wambolt & Associates LLC’s holdings in Sherwin-Williams were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock valued at $399,675,000 after acquiring an additional 10,709 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Sherwin-Williams by 35.6% in the third quarter. Great Valley Advisor Group Inc. now owns 2,726 shares of the specialty chemicals company’s stock worth $1,041,000 after purchasing an additional 716 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Sherwin-Williams by 9.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 960 shares of the specialty chemicals company’s stock worth $366,000 after purchasing an additional 79 shares during the period. Larson Financial Group LLC raised its stake in Sherwin-Williams by 176.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,065 shares of the specialty chemicals company’s stock valued at $406,000 after buying an additional 680 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at $1,049,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SHW. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Down 0.4 %

Shares of SHW opened at $341.20 on Wednesday. The business’s 50 day moving average is $354.10 and its 200 day moving average is $364.35. 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. The company has a market capitalization of $85.82 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 quarter in the previous year, the company earned $1.81 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

About Sherwin-Williams

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.