The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,807 shares of the specialty chemicals company's stock after selling 9,172 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Sherwin-Williams were worth $34,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Essex Savings Bank increased its holdings in shares of Sherwin-Williams by 3.4% in the third quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company's stock valued at $336,000 after purchasing an additional 29 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC increased its holdings in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after purchasing an additional 30 shares during the period. Finally, IMS Capital Management increased its holdings in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

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Sherwin-Williams Trading Down 1.0 %

SHW stock traded down $3.63 during midday trading on Wednesday, hitting $349.39. The stock had a trading volume of 556,386 shares, compared to its average volume of 1,607,752. The company's 50-day moving average price is $353.36 and its 200 day moving average price is $365.96. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market cap of $87.88 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 in the prior year, the company earned $1.81 earnings per share. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is 29.95%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup reaffirmed a "buy" rating and set a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $401.13.

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.