The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Korea Investment CORP

Korea Investment CORP cut its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,573 shares of the specialty chemicals company's stock after selling 4,849 shares during the period. Korea Investment CORP owned approximately 0.07% of Sherwin-Williams worth $60,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Sherwin-Williams by 5.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,891 shares of the specialty chemicals company's stock worth $6,082,000 after purchasing an additional 963 shares during the period. Prestige Wealth Management Group LLC lifted its position in Sherwin-Williams by 7.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,061 shares of the specialty chemicals company's stock valued at $361,000 after buying an additional 69 shares during the last quarter. Zions Bancorporation N.A. increased its position in shares of Sherwin-Williams by 17.3% during the fourth quarter. Zions Bancorporation N.A. now owns 13,766 shares of the specialty chemicals company's stock valued at $4,679,000 after acquiring an additional 2,026 shares during the last quarter. TIAA Trust National Association increased its position in shares of Sherwin-Williams by 6.1% during the fourth quarter. TIAA Trust National Association now owns 44,529 shares of the specialty chemicals company's stock valued at $15,137,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its stake in shares of Sherwin-Williams by 1.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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Sherwin-Williams Stock Up 0.7 %

Shares of NYSE SHW traded up $2.40 during midday trading on Tuesday, hitting $351.59. 337,012 shares of the company's stock were exchanged, compared to its average volume of 1,816,492. The firm's fifty day simple moving average is $353.50 and its 200-day simple moving average is $363.63. The company has a market cap of $88.43 billion, a PE ratio of 33.33, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company earned $1.81 EPS. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup reiterated a "buy" rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Barclays lowered their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday. Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $400.19.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the firm'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 transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

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.