The Sherwin-Williams Company (NYSE:SHW) Stake Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,869 shares of the specialty chemicals company's stock after selling 1,030 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Sherwin-Williams were worth $7,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth approximately $28,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth approximately $32,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

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Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. Morgan Stanley cut their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. One 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.19.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.88 during midday trading on Tuesday, reaching $351.07. 337,012 shares of the stock traded hands, compared to its average volume of 1,725,694. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. 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 firm has a market cap of $88.30 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.98 and a beta of 1.23. The firm has a fifty day moving average price of $353.50 and a two-hundred day moving average price of $363.63.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm earned $1.81 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Sherwin-Williams 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.