The Sherwin-Williams Company (NYSE:SHW) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,415 shares of the specialty chemicals company's stock after selling 1,299 shares during the quarter. CIBC Asset Management Inc owned 0.06% of Sherwin-Williams worth $54,099,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its stake in Sherwin-Williams by 88.9% in the 3rd 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 in the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams in the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. lifted its stake in Sherwin-Williams by 47.5% in the 3rd 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 in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.6 %

NYSE:SHW traded down $2.00 during mid-day trading on Thursday, hitting $349.85. The company had a trading volume of 2,041,689 shares, compared to its average volume of 1,619,690. The business has a fifty day simple moving average of $351.78 and a 200-day simple moving average of $365.30. 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 Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market capitalization of $88.11 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.04 and a beta of 1.22.

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

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. 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 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is 27.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHW shares. Royal Bank of Canada reduced their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Barclays raised their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird raised their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $400.00.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.