Evoke Wealth LLC Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Evoke Wealth LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,430 shares of the specialty chemicals company's stock after selling 758 shares during the quarter. Evoke Wealth LLC's holdings in Sherwin-Williams were worth $5,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SHW. Merit Financial Group LLC lifted its holdings in shares of Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after acquiring an additional 523 shares during the last quarter. Park Avenue Securities LLC increased its position in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after purchasing an additional 2,303 shares during the period. Burney Co. increased its position in Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after purchasing an additional 766 shares during the period. Kerusso Capital Management LLC increased its position in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Swedbank AB increased its position in Sherwin-Williams by 4.2% during the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock valued at $44,676,000 after purchasing an additional 4,681 shares during the period. 77.67% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have issued reports on SHW shares. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Mizuho reduced their target price 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. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $401.13.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the 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 owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded down $1.65 during midday trading on Friday, hitting $334.38. 3,478,321 shares of the company traded hands, compared to its average volume of 1,630,028. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $84.10 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company's 50-day moving average is $353.97 and its 200 day moving average is $364.59. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

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 for the quarter, topping 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 in the previous year, the firm posted $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

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

About Sherwin-Williams

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.