The Sherwin-Williams Company (NYSE:SHW) Shares Sold by AIA Group Ltd

AIA Group Ltd trimmed its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,921 shares of the specialty chemicals company's stock after selling 2,982 shares during the period. AIA Group Ltd's holdings in Sherwin-Williams were worth $5,752,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC grew its stake in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after acquiring an additional 90 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $36,000. Institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Royal Bank of Canada cut their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating on the stock in a report on Thursday. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $398.94.

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Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm'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 transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 2.6 %

SHW stock traded down $8.74 during midday trading on Friday, hitting $331.91. 4,337,001 shares of the company's stock were exchanged, compared to its average volume of 1,748,173. The business has a 50-day simple moving average of $352.24 and a two-hundred day simple moving average of $362.90. 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. The stock has a market capitalization of $83.48 billion, a PE ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results 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 period in the prior year, the company earned $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Sherwin-Williams Company 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.