Epoch Investment Partners Inc. cut its stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 10.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,101 shares of the specialty chemicals company’s stock after selling 3,574 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Sherwin-Williams were worth $10,953,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new position in Sherwin-Williams in the third quarter valued at about $25,000. Amplius Wealth Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $25,000. Concord Wealth Partners increased its holdings in Sherwin-Williams by 137.5% in the fourth quarter. Concord Wealth Partners now owns 76 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 44 shares in the last quarter. Rational Advisors LLC increased its holdings in Sherwin-Williams by 126.5% in the fourth quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 43 shares in the last quarter. Finally, Arlington Partners LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $35,000. 77.35% of the stock is owned by institutional investors.
In other Sherwin-Williams news, CFO Allen J. Mistysyn purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was acquired at an average cost of $253.91 per share, with a total value of $253,910.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John G. Morikis purchased 2,000 shares of the firm’s stock in a transaction dated Friday, February 25th. The stock was acquired at an average cost of $259.55 per share, with a total value of $519,100.00. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.
Sherwin-Williams (NYSE:SHW – Get Rating) last released its earnings results on Tuesday, April 26th. The specialty chemicals company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.07. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.92 billion. Sherwin-Williams had a net margin of 9.00% and a return on equity of 80.22%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. Analysts forecast that The Sherwin-Williams Company will post 9.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 19th. Sherwin-Williams’s payout ratio is currently 34.99%.
A number of research analysts have issued reports on SHW shares. Bank of America raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their target price for the company from $325.00 to $296.00 in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Sherwin-Williams from $330.00 to $315.00 in a research report on Thursday, April 28th. Wells Fargo & Company lowered their price target on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Monday, April 18th. TheStreet upgraded shares of Sherwin-Williams from a “c+” rating to a “b-” rating in a research report on Monday, May 2nd. Finally, KeyCorp decreased their target price on shares of Sherwin-Williams from $394.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, January 31st. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $323.50.
Sherwin-Williams Profile (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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