The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,309 shares of the specialty chemicals company's stock after selling 1,195 shares during the quarter. Corebridge Financial Inc.'s holdings in Sherwin-Williams were worth $21,181,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the third quarter worth approximately $32,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, True Wealth Design LLC boosted its holdings in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley cut 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 note on Tuesday, January 28th. 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 report on Monday, February 3rd. Mizuho decreased their target price on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $401.13.

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Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

SHW traded down $5.88 during trading on Friday, reaching $339.77. The company's stock had a trading volume of 1,304,583 shares, compared to its average volume of 1,730,061. 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's fifty day moving average price is $353.59 and its 200-day moving average price is $363.86. 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 $85.46 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm earned $1.81 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Sherwin-Williams 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.