Weatherly Asset Management L. P. reduced its position in shares of Sherwin-Williams Co (NYSE:SHW) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 3,374 shares of the specialty chemicals company’s stock after selling 51 shares during the period. Weatherly Asset Management L. P.’s holdings in Sherwin-Williams were worth $1,046,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $104,000. Parallel Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $113,000. SRS Capital Advisors Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $118,000. TLP Group LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at approximately $120,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Sherwin-Williams during the first quarter valued at approximately $124,000. 72.94% of the stock is owned by institutional investors and hedge funds.
Shares of Sherwin-Williams Co (NYSE:SHW) traded down 0.11% on Friday, hitting $338.24. 462,385 shares of the stock traded hands. Sherwin-Williams Co has a 12-month low of $239.48 and a 12-month high of $339.56. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 26.50 and a beta of 1.00. The stock has a 50-day moving average price of $318.06 and a 200 day moving average price of $291.14.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.07 by $0.20. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Sherwin-Williams Co will post $14.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $3.40 annualized dividend and a yield of 1.01%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.50%.
Several equities research analysts have issued reports on the stock. Vetr downgraded shares of Sherwin-Williams from a “strong-buy” rating to a “buy” rating and set a $313.74 price objective for the company. in a research note on Wednesday, January 11th. Zacks Investment Research downgraded shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Tuesday, January 24th. Credit Suisse Group AG set a $325.00 price objective on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Friday, January 27th. Finally, Morgan Stanley set a $335.00 price objective on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Sherwin-Williams currently has an average rating of “Buy” and a consensus price target of $337.40.
In other Sherwin-Williams news, Director David F. Hodnik sold 1,066 shares of the stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $305.42, for a total transaction of $325,577.72. Following the transaction, the director now owns 10,229 shares in the company, valued at $3,124,141.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Allen J. Mistysyn sold 1,142 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $303.49, for a total value of $346,585.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,696 shares of company stock worth $12,888,739. Corporate insiders own 1.89% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).