Capital Group Private Client Services Inc. Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Capital Group Private Client Services Inc. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,832 shares of the specialty chemicals company's stock after selling 1,120 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Sherwin-Williams were worth $22,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. Tudor Financial Inc. purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $252,000. Eaton Financial Holdings Company LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at $608,000. Arvest Bank Trust Division purchased a new stake in Sherwin-Williams in the 3rd quarter worth $350,000. Finally, Wilmington Savings Fund Society FSB raised its position in Sherwin-Williams by 2,092.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company's stock worth $6,392,000 after acquiring an additional 15,983 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.1 %

NYSE:SHW traded up $0.43 during trading hours on Wednesday, reaching $332.39. 689,254 shares of the stock were exchanged, compared to its average volume of 1,780,886. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The business has a 50-day moving average of $343.54 and a two-hundred day moving average of $358.14. The company has a market capitalization of $83.60 billion, a price-to-earnings ratio of 31.51, a PEG 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 posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.81 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Morgan Stanley decreased their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $391.25.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

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.