Capital International Sarl Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Capital International Sarl lessened its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 69,052 shares of the specialty chemicals company's stock after selling 3,763 shares during the period. Capital International Sarl's holdings in Sherwin-Williams were worth $23,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Sherwin-Williams by 11.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 292,617 shares of the specialty chemicals company's stock valued at $99,395,000 after purchasing an additional 29,444 shares during the last quarter. MSH Capital Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter valued at $5,012,000. NewEdge Advisors LLC boosted its holdings in shares of Sherwin-Williams by 76.3% in the 4th quarter. NewEdge Advisors LLC now owns 15,555 shares of the specialty chemicals company's stock worth $5,288,000 after buying an additional 6,731 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Sherwin-Williams by 4.4% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,565 shares of the specialty chemicals company's stock worth $872,000 after purchasing an additional 108 shares during the last quarter. Finally, Stenger Family Office LLC bought a new position in Sherwin-Williams during the fourth quarter valued at $5,930,000. Institutional investors own 77.67% of the company's stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. 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 data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $391.25.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $0.82 during midday trading on Wednesday, reaching $331.14. 643,831 shares of the stock traded hands, compared to its average volume of 1,780,714. The stock has a market cap of $83.29 billion, a P/E ratio of 31.39, a PEG ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock's fifty day moving average is $343.54 and its 200-day moving average is $358.14. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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 (EPS) 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 in the prior year, the business earned $1.81 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams's dividend payout ratio is presently 29.95%.

About Sherwin-Williams

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.