Azimuth Capital Investment Management LLC Sells 1,128 Shares of The Sherwin-Williams Company (NYSE:SHW)

Azimuth Capital Investment Management LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,673 shares of the specialty chemicals company's stock after selling 1,128 shares during the period. Sherwin-Williams comprises 0.8% of Azimuth Capital Investment Management LLC's holdings, making the stock its 29th largest holding. Azimuth Capital Investment Management LLC's holdings in Sherwin-Williams were worth $21,644,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Legacy Capital Wealth Partners LLC grew its position in shares of Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after buying an additional 29 shares during the last quarter. Apella Capital LLC increased its position in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management lifted its position in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of Sherwin-Williams by 7.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock valued at $149,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. UBS Group decreased their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $393.31.

Sherwin-Williams Stock Up 0.5 %

Sherwin-Williams stock traded up $1.52 during trading on Monday, hitting $338.29. 302,406 shares of the company were exchanged, compared to its average volume of 1,778,142. 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 business's 50 day moving average is $347.47 and its 200 day moving average is $360.20. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a market capitalization of $85.08 billion, a P/E ratio of 32.07, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 quarter last year, the company earned $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

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

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 sale, the insider now directly owns 5,365 shares in the company, 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 at this hyperlink. 0.60% of the stock is currently owned by corporate 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.