Ostrum Asset Management Sells 11,080 Shares of The Sherwin-Williams Company (NYSE:SHW)

Ostrum Asset Management trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,550 shares of the specialty chemicals company's stock after selling 11,080 shares during the quarter. Sherwin-Williams makes up 1.4% of Ostrum Asset Management's portfolio, making the stock its 26th biggest position. Ostrum Asset Management's holdings in Sherwin-Williams were worth $16,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $36,000. WR Wealth Planners LLC lifted its holdings in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Down 0.2 %

SHW stock traded down $0.56 during trading on Wednesday, hitting $331.40. The company had a trading volume of 1,338,161 shares, compared to its average volume of 1,772,797. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. 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 business has a 50-day moving average of $343.03 and a 200-day moving average of $357.95. The stock has a market cap of $83.35 billion, a PE ratio of 31.41, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the business posted $1.81 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed 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. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $391.25.

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.