Williams Jones Wealth Management LLC. Has $104.47 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Williams Jones Wealth Management LLC. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 307,337 shares of the specialty chemicals company’s stock after selling 1,023 shares during the quarter. Sherwin-Williams makes up 1.3% of Williams Jones Wealth Management LLC.’s portfolio, making the stock its 28th biggest position. Williams Jones Wealth Management LLC.’s holdings in Sherwin-Williams were worth $104,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Woodline Partners LP bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $4,730,000. XN LP raised its holdings in Sherwin-Williams by 3.0% during the 4th quarter. XN LP now owns 381,852 shares of the specialty chemicals company’s stock worth $129,803,000 after buying an additional 10,956 shares during the period. Sone Capital Management LLC bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $18,607,000. Vident Advisory LLC boosted its holdings in shares of Sherwin-Williams by 3.4% in the fourth quarter. Vident Advisory LLC now owns 21,430 shares of the specialty chemicals company’s stock valued at $7,285,000 after buying an additional 711 shares during the period. Finally, Twinbeech Capital LP increased its position in shares of Sherwin-Williams by 148.3% during the fourth quarter. Twinbeech Capital LP now owns 210,109 shares of the specialty chemicals company’s stock worth $71,422,000 after acquiring an additional 125,496 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SHW shares. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank of Canada boosted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Citigroup reduced their price target on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.00.

Sherwin-Williams Trading Down 0.4%

NYSE SHW opened at $361.92 on Tuesday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. 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 stock has a 50 day moving average of $341.84 and a 200-day moving average of $355.17. The company has a market cap of $90.70 billion, a PE ratio of 34.31, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s payout ratio is currently 29.87%.

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.