The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,103 shares of the specialty chemicals company's stock after selling 2,192 shares during the period. Sanctuary Advisors LLC's holdings in Sherwin-Williams were worth $15,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 28 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the company from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup lowered their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $400.00.

Sherwin-Williams Stock Down 1.6 %

Shares of SHW stock traded down $5.48 on Friday, hitting $344.54. The stock had a trading volume of 2,871,320 shares, compared to its average volume of 1,656,506. The firm has a market capitalization of $86.77 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 3.00 and a beta of 1.22. The stock's 50 day moving average is $351.04 and its 200-day moving average is $365.24. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

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

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams's dividend payout ratio is 27.11%.

Insider Activity

In related news, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company's stock.

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.