Advisors Asset Management Inc. Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Advisors Asset Management Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,573 shares of the specialty chemicals company's stock after selling 1,561 shares during the quarter. Advisors Asset Management Inc.'s holdings in Sherwin-Williams were worth $5,294,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the third quarter worth $32,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. True Wealth Design LLC boosted its stake in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 90 shares during the period. Finally, WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the period. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

SHW traded up $8.49 during trading on Monday, reaching $342.90. The company's stock had a trading volume of 1,847,668 shares, compared to its average volume of 1,633,859. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $353.97 and a two-hundred day simple moving average of $364.61. The company has a market cap of $86.24 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the business earned $1.81 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams's dividend payout ratio is 29.95%.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction 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 directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHW shares. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Citigroup restated a "buy" rating and set a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $401.13.

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.