Thoroughbred Financial Services LLC Sells 72 Shares of The Sherwin-Williams Company (NYSE:SHW)

Thoroughbred Financial Services LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,916 shares of the specialty chemicals company’s stock after selling 72 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Sherwin-Williams were worth $2,690,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth $36,000. WR Wealth Planners LLC increased its position in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at about $41,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on SHW shares. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating on the stock in a report on Thursday. Citigroup reissued a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho lowered their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $398.94.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the firm’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 transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 2.6 %

Shares of NYSE:SHW opened at $331.91 on Friday. The business has a fifty day simple moving average of $352.24 and a 200 day simple moving average of $362.90. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market cap of $83.48 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 period last year, the company earned $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is 29.95%.

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.