Zurcher Kantonalbank Zurich Cantonalbank Sells 9,172 Shares of The Sherwin-Williams Company (NYSE:SHW)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.3% in the 4th 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. FMR LLC increased its stake in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at $230,829,000. Proficio Capital Partners LLC increased its stake in shares of Sherwin-Williams by 41,520.8% during the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock valued at $162,987,000 after buying an additional 478,320 shares during the period. Mizuho Securities USA LLC increased its stake in shares of Sherwin-Williams by 1,717.9% during the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after buying an additional 308,921 shares during the period. Finally, Canoe Financial LP increased its stake in shares of Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after buying an additional 286,791 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’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 directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHW. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada cut their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Trading Down 1.5 %

Sherwin-Williams stock opened at $358.11 on Tuesday. 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 Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The stock has a 50-day moving average price of $353.08 and a 200 day moving average price of $365.99.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 quarter in the prior year, the business earned $1.81 earnings per share. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. 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. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams’s payout ratio is presently 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.