Stifel Financial Corp Sells 2,240 Shares of The Sherwin-Williams Company (NYSE:SHW)

Stifel Financial Corp cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,675 shares of the specialty chemicals company's stock after selling 2,240 shares during the quarter. Stifel Financial Corp owned 0.14% of Sherwin-Williams worth $120,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $36,000. WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $41,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $322.77 on Tuesday. The stock's 50-day simple moving average is $344.13 and its two-hundred day simple moving average is $358.32. 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 capitalization of $81.18 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.98 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 period last year, the business posted $1.81 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHW. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. UBS Group reduced their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $392.50.

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.

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