The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,942 shares of the specialty chemicals company's stock after selling 66,800 shares during the quarter. Federated Hermes Inc. owned 0.09% of Sherwin-Williams worth $79,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction on 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 in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho cut their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Citigroup dropped their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. raised 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. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $393.31.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $7.20 during mid-day trading on Friday, hitting $337.11. 2,032,653 shares of the stock were exchanged, compared to its average volume of 1,781,910. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a fifty day moving average of $347.47 and a 200 day moving average of $360.37. The company has a market cap of $84.79 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 period in the previous year, the business posted $1.81 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio 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.