Pictet Asset Management Holding SA Has $36.45 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Pictet Asset Management Holding SA cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,229 shares of the specialty chemicals company's stock after selling 5,614 shares during the period. Pictet Asset Management Holding SA's holdings in Sherwin-Williams were worth $36,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at about $28,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $32,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 90 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $36,000. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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Sherwin-Williams Trading Down 2.6 %

Sherwin-Williams stock traded down $8.74 during midday trading on Friday, reaching $331.91. The stock had a trading volume of 4,337,001 shares, compared to its average volume of 1,748,173. 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. The firm has a market cap of $83.48 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.98 and a beta of 1.23. The firm's fifty day simple moving average is $352.24 and its two-hundred day simple moving average is $362.90.

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 for the quarter, beating 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 business earned $1.81 EPS. Equities analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHW. Citigroup reissued a "buy" rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho decreased their target price 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. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Barclays reduced their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $398.94.

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.