CIBC Private Wealth Group LLC Sells 8,806 Shares of The Sherwin-Williams Company (NYSE:SHW)

CIBC Private Wealth Group LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,524 shares of the specialty chemicals company's stock after selling 8,806 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.13% of Sherwin-Williams worth $109,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after buying an additional 10,709 shares during the last quarter. D.A. Davidson & CO. boosted its position in Sherwin-Williams by 0.4% during the third quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock worth $2,835,000 after purchasing an additional 31 shares during the period. Freedom Investment Management Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at $234,000. Fiduciary Trust Co raised its position in shares of Sherwin-Williams by 6.7% in the third quarter. Fiduciary Trust Co now owns 5,978 shares of the specialty chemicals company's stock valued at $2,282,000 after purchasing an additional 375 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Sherwin-Williams by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,980 shares of the specialty chemicals company's stock worth $3,427,000 after buying an additional 1,100 shares during the period. 77.67% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on SHW shares. Citigroup reissued a "buy" rating and set a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.19.

Insider Transactions at Sherwin-Williams

In other 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 transaction of $1,008,479.70. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 0.5 %

SHW stock traded up $1.58 during midday trading on Tuesday, reaching $350.77. 1,257,973 shares of the company's stock traded hands, compared to its average volume of 1,732,053. The company has a market cap of $88.22 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.98 and a beta of 1.23. The firm's fifty day moving average price is $353.50 and its 200-day moving average price is $363.63. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. 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 posted its 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the firm earned $1.81 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is 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.