Dearborn Partners LLC Lowers Stake in The Sherwin-Williams Company (NYSE:SHW)

Dearborn Partners LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,107 shares of the specialty chemicals company's stock after selling 1,340 shares during the period. Sherwin-Williams comprises 1.5% of Dearborn Partners LLC's holdings, making the stock its 28th biggest holding. Dearborn Partners LLC's holdings in Sherwin-Williams were worth $36,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. FMR LLC increased its stake in Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC lifted its holdings in Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock valued at $1,799,196,000 after buying an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its position in Sherwin-Williams by 5.6% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock valued at $738,261,000 after buying an additional 114,591 shares during the period. Bank of New York Mellon Corp grew its stake in Sherwin-Williams by 12.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company's stock worth $586,293,000 after acquiring an additional 187,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Sherwin-Williams by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company's stock worth $500,402,000 after acquiring an additional 50,983 shares during the period. 77.67% of the stock is owned by institutional investors.

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Sherwin-Williams Stock Performance

NYSE:SHW traded down $2.00 during mid-day trading on Wednesday, hitting $351.02. The company's stock had a trading volume of 617,194 shares, compared to its average volume of 1,608,047. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market cap of $88.28 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.98 and a beta of 1.23. The business's fifty day moving average is $353.36 and its two-hundred day moving average is $365.96.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 period last year, the business earned $1.81 EPS. 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 issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. This is a positive change 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%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 sale, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHW shares. 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 report on Monday, February 3rd. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Mizuho dropped 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $401.13.

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.