Voya Investment Management LLC Sells 120,453 Shares of The Sherwin-Williams Company (NYSE:SHW)

Voya Investment Management LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,237 shares of the specialty chemicals company's stock after selling 120,453 shares during the quarter. Voya Investment Management LLC owned approximately 0.14% of Sherwin-Williams worth $116,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its stake in Sherwin-Williams by 15.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,622 shares of the specialty chemicals company's stock valued at $891,000 after purchasing an additional 356 shares during the last quarter. Burling Wealth Partners LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $2,043,000. Adage Capital Partners GP L.L.C. grew its position in shares of Sherwin-Williams by 42.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 520,906 shares of the specialty chemicals company's stock worth $177,072,000 after buying an additional 155,100 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after acquiring an additional 30 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Sherwin-Williams by 4.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 15,056 shares of the specialty chemicals company's stock valued at $5,118,000 after acquiring an additional 594 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Citigroup reduced their price target on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Morgan Stanley decreased their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $392.00.

Sherwin-Williams Stock Up 0.9 %

Shares of SHW opened at $334.17 on Friday. The stock's 50-day moving average price is $342.57 and its 200-day moving average price is $357.72. 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 company has a market capitalization of $84.05 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced 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 0.95%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.95%.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.