Cypress Capital Group Cuts Position in The Sherwin-Williams Company (NYSE:SHW)

Cypress Capital Group reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,090 shares of the specialty chemicals company's stock after selling 1,235 shares during the period. Cypress Capital Group's holdings in Sherwin-Williams were worth $2,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $26,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the third quarter worth $32,000. True Wealth Design LLC grew its stake in shares of 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 worth $38,000 after purchasing an additional 90 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams during the third quarter worth $38,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 2.0 %

SHW traded up $7.26 on Wednesday, hitting $362.54. 2,000,172 shares of the company were exchanged, compared to its average volume of 1,599,118. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company 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 company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock's fifty day moving average is $351.99 and its 200-day moving average is $365.84.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 prior year, the firm earned $1.81 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. 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 the company's stock in a transaction on Thursday, February 27th. The stock was 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 $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Royal Bank of Canada decreased their price objective 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. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price 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.