Envestnet Asset Management Inc. Sells 13,516 Shares of The Sherwin-Williams Company (NYSE:SHW)

Envestnet Asset Management Inc. cut 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 1,081,568 shares of the specialty chemicals company's stock after selling 13,516 shares during the quarter. Envestnet Asset Management Inc. owned about 0.43% of Sherwin-Williams worth $367,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the 4th quarter worth about $36,000. WR Wealth Planners LLC grew its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at about $41,000. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the 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 completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

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Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $2.83 during trading hours on Friday, hitting $332.74. The company's stock had a trading volume of 1,050,105 shares, compared to its average volume of 1,776,307. 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business has a 50 day moving average price of $347.88 and a two-hundred day moving average price of $360.67. The company has a market cap of $83.69 billion, a PE ratio of 31.62, a PEG ratio of 2.98 and a beta of 1.26.

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, 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 period in the previous year, the firm posted $1.81 EPS. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.95%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is presently 29.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SHW shares. 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. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Jefferies Financial Group restated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho lowered 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 report on Tuesday, January 7th. Finally, Berenberg Bank upgraded shares of 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. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $393.31.

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.