Davis R M Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,655 shares of the specialty chemicals company's stock after selling 2,732 shares during the quarter. Davis R M Inc.'s holdings in Sherwin-Williams were worth $24,018,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $26,000. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter worth about $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams during the third quarter valued at approximately $38,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
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 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 SEC, which is available at this hyperlink. Insiders own 0.60% of the company's stock.
Sherwin-Williams Stock Performance
NYSE:SHW traded down $2.29 during mid-day trading on Wednesday, hitting $350.73. 617,194 shares of the stock were exchanged, compared to its average volume of 1,608,026. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market capitalization of $88.21 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The firm's 50-day simple moving average is $353.36 and its 200 day simple moving average is $365.96. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.
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 (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $1.81 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS 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 given a $0.79 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.
Wall Street Analyst Weigh In
SHW has been the subject of several research analyst reports. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Morgan Stanley cut their target price on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $401.13.
Read Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Profile
(
Free Report)
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.
Further Reading
Before you consider Sherwin-Williams, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sherwin-Williams wasn't on the list.
While Sherwin-Williams currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
