Renaissance Group LLC Decreases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Renaissance Group LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 87,864 shares of the specialty chemicals company's stock after selling 918 shares during the period. Renaissance Group LLC's holdings in Sherwin-Williams were worth $29,867,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SHW. Legacy Capital Wealth Partners LLC raised its stake in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC lifted its stake in shares of Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management grew its stake in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in Sherwin-Williams by 7.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Remove Ads

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHW. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. UBS Group dropped their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $393.31.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $7.20 during mid-day trading on Friday, hitting $337.11. The company had a trading volume of 2,032,653 shares, compared to its average volume of 1,783,917. 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 company has a market capitalization of $84.79 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 2.98 and a beta of 1.26. The company's fifty day moving average is $347.47 and its 200-day moving average is $360.20. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the business earned $1.81 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Sherwin-Williams Company 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.