Frank Rimerman Advisors LLC Has $1.12 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Frank Rimerman Advisors LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,284 shares of the specialty chemicals company's stock after selling 1,152 shares during the period. Frank Rimerman Advisors LLC's holdings in Sherwin-Williams were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $26,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams in the third quarter valued at approximately $32,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $36,000. True Wealth Design LLC raised its stake in shares of Sherwin-Williams by 1,000.0% during the third 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 during the period. Finally, WR Wealth Planners LLC lifted its position in shares of Sherwin-Williams by 41.7% during the fourth 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. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the subject of a number of recent analyst reports. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Mizuho reduced their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

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Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

SHW traded up $1.09 on Thursday, hitting $336.01. 1,925,423 shares of the company's stock were exchanged, compared to its average volume of 1,829,306. 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 moving average of $353.91 and a two-hundred day moving average of $365.04. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market cap of $84.51 billion, a PE ratio of 31.85, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results 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 prior year, the business posted $1.81 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. 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.