Corient Private Wealth LLC Sells 8,056 Shares of The Sherwin-Williams Company (NYSE:SHW)

Corient Private Wealth LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,990 shares of the specialty chemicals company's stock after selling 8,056 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of Sherwin-Williams worth $45,208,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the fourth quarter worth about $26,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $36,000. True Wealth Design LLC raised its stake in Sherwin-Williams by 1,000.0% during the third 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 during the last quarter. Finally, WR Wealth Planners LLC grew its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In related 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Remove Ads

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $401.13.

Sherwin-Williams Stock Performance

NYSE SHW traded down $1.65 during trading hours on Friday, hitting $334.38. 3,478,308 shares of the company's stock traded hands, compared to its average volume of 1,630,194. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a market capitalization of $84.10 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.98 and a beta of 1.23. 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 business's fifty day moving average price is $353.88 and its two-hundred day moving average price is $364.83.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 posted $1.81 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

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

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.