Crew Capital Management Ltd. Sells 1,258 Shares of The Sherwin-Williams Company (NYSE:SHW)

Crew Capital Management Ltd. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 807 shares of the specialty chemicals company's stock after selling 1,258 shares during the quarter. Crew Capital Management Ltd.'s holdings in Sherwin-Williams were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS boosted its position in shares of Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company's stock valued at $275,000 after acquiring an additional 29 shares during the period. Essex Savings Bank boosted its position in shares of Sherwin-Williams by 3.4% in the third quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company's stock valued at $336,000 after acquiring an additional 29 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC boosted its position in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after acquiring an additional 30 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after acquiring an additional 30 shares during the period. Institutional investors own 77.67% of the company's stock.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 2.0 %

SHW stock traded up $7.26 during trading on Wednesday, hitting $362.54. The company had a trading volume of 2,000,172 shares, compared to its average volume of 1,599,118. The stock has a market cap of $91.18 billion, a PE ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business has a 50-day moving average of $351.99 and a 200-day moving average of $365.84. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

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 (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $1.81 EPS. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHW. Mizuho reduced their target price 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. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Citigroup reaffirmed a "buy" rating and issued a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $403.31.

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.