Mutual of America Capital Management LLC Trims Stake in The Sherwin-Williams Company (NYSE:SHW)

Mutual of America Capital Management LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,218 shares of the specialty chemicals company's stock after selling 823 shares during the period. Mutual of America Capital Management LLC's holdings in Sherwin-Williams were worth $10,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC raised its stake in Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after purchasing an additional 523 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock valued at $694,000 after buying an additional 209 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after buying an additional 2,303 shares in the last quarter. Kerusso Capital Management LLC boosted its position in shares of Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Burney Co. grew its stake in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after acquiring an additional 766 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 2.0 %

Shares of NYSE:SHW traded up $7.26 during trading on Wednesday, reaching $362.54. The stock had a trading volume of 2,000,172 shares, compared to its average volume of 1,599,118. The firm's 50-day simple moving average is $351.99 and its 200 day simple moving average is $365.84. 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 Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a market capitalization of $91.18 billion, a P/E ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 quarter in the prior year, the company earned $1.81 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is 29.95%.

Analyst Ratings Changes

SHW has been the subject of several research reports. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Citigroup reissued a "buy" rating and set a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $403.31.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.