The Sherwin-Williams Company (NYSE:SHW) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,635 shares of the specialty chemicals company's stock after selling 11,756 shares during the period. State of Tennessee Department of Treasury's holdings in Sherwin-Williams were worth $26,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC increased its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares during the period. Finally, AlphaMark Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SHW. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $392.50.

Sherwin-Williams Stock Down 3.2 %

SHW stock opened at $322.77 on Tuesday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week 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 company has a market cap of $81.18 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.98 and a beta of 1.26. The company's 50-day moving average price is $344.13 and its 200 day moving average price is $358.32.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

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.

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