SageView Advisory Group LLC Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

SageView Advisory Group LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 716 shares of the specialty chemicals company’s stock after selling 62 shares during the period. SageView Advisory Group LLC’s holdings in Sherwin-Williams were worth $243,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Morgan Stanley decreased their price target 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. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $392.50.

Sherwin-Williams Trading Down 1.2 %

Shares of SHW opened at $336.94 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a fifty day moving average of $346.45 and a two-hundred day moving average of $359.75. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market capitalization of $84.74 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 firm earned $1.81 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

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.