Cerity Partners LLC Has $27.33 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Cerity Partners LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,394 shares of the specialty chemicals company's stock after selling 4,409 shares during the quarter. Cerity Partners LLC's holdings in Sherwin-Williams were worth $27,332,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Merit Financial Group LLC increased its position in Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after buying an additional 523 shares during the period. Park Avenue Securities LLC lifted its position in Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. boosted its stake in Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after purchasing an additional 766 shares during the period. Kerusso Capital Management LLC increased its stake in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Canoe Financial LP boosted its position in shares of Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after buying an additional 286,791 shares during the period. Institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Trading Up 0.8 %

SHW traded up $2.58 during trading on Monday, reaching $339.35. The company had a trading volume of 239,465 shares, compared to its average volume of 1,777,849. The firm'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. The company has a market cap of $85.35 billion, a price-to-earnings ratio of 32.17, 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 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 last year, the business posted $1.81 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current 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 issued a $0.79 dividend. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank of Canada cut their target price 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. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, Barclays lowered their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $393.31.

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.