Sigma Planning Corp Sells 4,951 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sigma Planning Corp cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 78.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,323 shares of the specialty chemicals company’s stock after selling 4,951 shares during the period. Sigma Planning Corp’s holdings in Sherwin-Williams were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $25,000. Union Savings Bank acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, Lee Financial Co acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a report on Tuesday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays boosted their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.37.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $306.45 on Friday. The company’s fifty day simple moving average is $328.05 and its 200-day simple moving average is $299.19. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm has a market cap of $77.98 billion, a PE ratio of 32.67, a P/E/G ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.41 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.