Texas Yale Capital Corp. Sells 50 Shares of The Sherwin-Williams Company (NYSE:SHW)

Texas Yale Capital Corp. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,816 shares of the specialty chemicals company’s stock after selling 50 shares during the quarter. Texas Yale Capital Corp.’s holdings in Sherwin-Williams were worth $3,677,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SHW. Advisory Services Network LLC lifted its holdings in shares of Sherwin-Williams by 37.5% in the fourth quarter. Advisory Services Network LLC now owns 16,073 shares of the specialty chemicals company’s stock worth $5,464,000 after buying an additional 4,384 shares in the last quarter. Greenland Capital Management LP purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $544,000. FIL Ltd boosted its holdings in Sherwin-Williams by 42.7% in the 4th quarter. FIL Ltd now owns 174,620 shares of the specialty chemicals company’s stock valued at $59,359,000 after purchasing an additional 52,227 shares during the period. Southeast Asset Advisors LLC grew its position in shares of Sherwin-Williams by 5.9% during the 4th quarter. Southeast Asset Advisors LLC now owns 1,732 shares of the specialty chemicals company’s stock valued at $589,000 after purchasing an additional 96 shares in the last quarter. Finally, Twin Capital Management Inc. grew its position in shares of Sherwin-Williams by 16.8% during the 4th quarter. Twin Capital Management Inc. now owns 9,689 shares of the specialty chemicals company’s stock valued at $3,294,000 after purchasing an additional 1,393 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $313.44 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a 50-day moving average price of $349.46 and a 200-day moving average price of $361.52. The company has a market cap of $78.83 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 quarter last year, the business posted $1.81 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. 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 1.01%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating for the company in a report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $395.19.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.