The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Carlson Capital Management

Carlson Capital Management lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,748 shares of the specialty chemicals company's stock after selling 799 shares during the period. Sherwin-Williams accounts for about 0.1% of Carlson Capital Management's investment portfolio, making the stock its 27th biggest holding. Carlson Capital Management's holdings in Sherwin-Williams were worth $3,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. RD Lewis Holdings Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at about $423,000. Flagship Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $212,000. Counterpoint Mutual Funds LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $277,000. Signaturefd LLC lifted its holdings in Sherwin-Williams by 0.8% in the fourth quarter. Signaturefd LLC now owns 5,412 shares of the specialty chemicals company's stock valued at $1,840,000 after buying an additional 45 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Sherwin-Williams by 1.7% in the fourth quarter. Parallel Advisors LLC now owns 29,929 shares of the specialty chemicals company's stock valued at $10,174,000 after buying an additional 511 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.65 during mid-day trading on Friday, reaching $334.38. The company's stock had a trading volume of 3,478,321 shares, compared to its average volume of 1,630,028. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm's fifty day moving average price is $353.97 and its two-hundred day moving average price is $364.59. 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 stock has a market cap of $84.10 billion, a P/E ratio of 31.69, a PEG ratio of 2.98 and a beta of 1.23.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHW. Mizuho lowered 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. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given 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.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

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.