US Bancorp DE Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

US Bancorp DE cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,423 shares of the specialty chemicals company's stock after selling 3,119 shares during the quarter. US Bancorp DE owned about 0.06% of Sherwin-Williams worth $54,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of Sherwin-Williams by 3.6% in the 4th quarter. Fisher Asset Management LLC now owns 7,717 shares of the specialty chemicals company's stock valued at $2,624,000 after acquiring an additional 270 shares in the last quarter. WR Wealth Planners LLC raised its stake in 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 purchasing an additional 35 shares in the last quarter. SVB Wealth LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at approximately $374,000. Flputnam Investment Management Co. grew its stake in Sherwin-Williams by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 49,040 shares of the specialty chemicals company's stock worth $16,670,000 after buying an additional 688 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 6.2% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,381 shares of the specialty chemicals company's stock worth $809,000 after buying an additional 140 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 2.0 %

Shares of NYSE:SHW traded up $7.26 during midday trading on Wednesday, hitting $362.54. 2,000,172 shares of the stock traded hands, compared to its average volume of 1,598,917. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $91.18 billion, a PE ratio of 34.36, a P/E/G ratio of 2.98 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's 50 day moving average is $351.99 and its two-hundred day moving average is $365.84.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company posted $1.81 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams's payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Morgan Stanley dropped their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped 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. Mizuho decreased their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $403.31.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on 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 sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is 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.