The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lowered by Summit Financial LLC

Summit Financial LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,483 shares of the specialty chemicals company's stock after selling 2,078 shares during the period. Summit Financial LLC's holdings in Sherwin-Williams were worth $4,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Alliancebernstein L.P. grew its holdings in Sherwin-Williams by 2.0% in the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after purchasing an additional 86,268 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Sherwin-Williams by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 802,767 shares of the specialty chemicals company's stock valued at $272,885,000 after purchasing an additional 18,291 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Sherwin-Williams by 11.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 43,139 shares of the specialty chemicals company's stock valued at $14,664,000 after buying an additional 4,340 shares during the period. Physician Wealth Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth $136,000. Finally, RWA Wealth Partners LLC raised its position in shares of Sherwin-Williams by 7.8% in the 4th quarter. RWA Wealth Partners LLC now owns 3,224 shares of the specialty chemicals company's stock worth $1,096,000 after buying an additional 233 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 2.6 %

Shares of Sherwin-Williams stock traded down $8.74 on Friday, hitting $331.91. 4,337,001 shares of the company's stock traded hands, compared to its average volume of 1,751,685. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $83.48 billion, a P/E ratio of 31.46, a PEG ratio of 2.98 and a beta of 1.23. The firm's 50-day moving average is $352.24 and its 200 day moving average is $362.80.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 prior year, the business posted $1.81 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SHW. Wells Fargo & Company lowered their price target on Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Thursday. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Mizuho reduced 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 report on Tuesday, January 7th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $398.94.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.