Truist Financial Corp Has $16.59 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Truist Financial Corp reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,795 shares of the specialty chemicals company's stock after selling 2,704 shares during the period. Truist Financial Corp's holdings in Sherwin-Williams were worth $16,587,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Pittenger & Anderson Inc. boosted its holdings in shares of Sherwin-Williams by 5.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 25,164 shares of the specialty chemicals company's stock worth $8,554,000 after buying an additional 1,202 shares during the period. Catalyst Capital Advisors LLC raised its stake in Sherwin-Williams by 525.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 305 shares during the last quarter. Kerusso Capital Management LLC raised its stake in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Sierra Ocean LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at $36,000. Finally, J.W. Cole Advisors Inc. raised its stake in Sherwin-Williams by 15.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,286 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 170 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred on 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 owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Down 2.0 %

Shares of SHW stock traded down $6.92 during trading on Friday, reaching $343.10. The company's stock had a trading volume of 910,858 shares, compared to its average volume of 1,596,295. The company has a market cap of $86.41 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.00 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business has a fifty day moving average price of $351.44 and a 200-day moving average price of $365.20. 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 issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams's payout ratio is presently 27.11%.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $400.00.

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.