Applied Finance Capital Management LLC Sells 3,062 Shares of The Sherwin-Williams Company (NYSE:SHW)

Applied Finance Capital Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,201 shares of the specialty chemicals company's stock after selling 3,062 shares during the period. Applied Finance Capital Management LLC's holdings in Sherwin-Williams were worth $23,184,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth about $28,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $36,000. WR Wealth Planners LLC grew its position in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $41,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 2.2 %

Sherwin-Williams stock traded up $7.20 during mid-day trading on Friday, reaching $337.11. The stock had a trading volume of 2,032,653 shares, compared to its average volume of 1,783,917. The firm has a market capitalization of $84.79 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock's 50-day simple moving average is $347.47 and its 200-day simple moving average is $360.20. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

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

Sherwin-Williams Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams's payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

SHW has been the topic of several analyst reports. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $393.31.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.