Los Angeles Capital Management LLC Sells 8,656 Shares of The Sherwin-Williams Company (NYSE:SHW)

Los Angeles Capital Management LLC lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 88.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,176 shares of the specialty chemicals company’s stock after selling 8,656 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sherwin-Williams were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SHW. FMR LLC increased its holdings in Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after acquiring an additional 999,164 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after purchasing an additional 58,463 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Sherwin-Williams by 12.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after purchasing an additional 187,724 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after buying an additional 15,843 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Sherwin-Williams by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after buying an additional 78,075 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the company’s 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 transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Stock Down 1.6 %

Shares of NYSE:SHW opened at $356.49 on Tuesday. The company has a 50-day moving average price of $351.49 and a 200 day moving average price of $365.86. 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 Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a market cap of $89.66 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced 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 period in the previous year, the business posted $1.81 earnings per share. As a group, equities research 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 will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. Sherwin-Williams’s payout ratio is 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.