Douglass Winthrop Advisors LLC Has $130.79 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Douglass Winthrop Advisors LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,759 shares of the specialty chemicals company's stock after selling 3,346 shares during the period. Sherwin-Williams accounts for 2.5% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Douglass Winthrop Advisors LLC owned approximately 0.15% of Sherwin-Williams worth $130,791,000 at the end of the most recent reporting period.

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

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Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $1.51 during midday trading on Tuesday, reaching $341.20. The company had a trading volume of 1,180,490 shares, compared to its average volume of 1,633,614. 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 stock has a fifty day simple moving average of $354.10 and a 200 day simple moving average of $364.49. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a market capitalization of $85.82 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company posted $1.81 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned 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, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target 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.