Copeland Capital Management LLC Has $12.13 Million Stock Holdings in The Sherwin-Williams Company $SHW

Copeland Capital Management LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,442 shares of the specialty chemicals company’s stock after selling 1,674 shares during the quarter. Copeland Capital Management LLC’s holdings in Sherwin-Williams were worth $12,132,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. N.E.W. Advisory Services LLC raised its stake in shares of Sherwin-Williams by 100.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 238 shares of the specialty chemicals company’s stock valued at $77,000 after acquiring an additional 119 shares during the last quarter. Diversified Enterprises LLC grew its stake in shares of Sherwin-Williams by 20.1% in the fourth quarter. Diversified Enterprises LLC now owns 819 shares of the specialty chemicals company’s stock worth $265,000 after purchasing an additional 137 shares during the last quarter. Kerusso Capital Management LLC increased its holdings in Sherwin-Williams by 31.4% in the fourth quarter. Kerusso Capital Management LLC now owns 13,092 shares of the specialty chemicals company’s stock valued at $4,242,000 after purchasing an additional 3,128 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Sherwin-Williams by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,432 shares of the specialty chemicals company’s stock valued at $1,196,000 after purchasing an additional 64 shares during the period. Finally, Quent Long Short Global Small Cap Fund LP bought a new position in Sherwin-Williams during the 4th quarter worth $217,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. Wells Fargo & Company lowered Sherwin-Williams from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $410.00 to $365.00 in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price objective on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Bank of America reduced their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Citigroup lowered their price target on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.08.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $337.88 on Friday. The business has a 50-day simple moving average of $335.10 and a 200 day simple moving average of $338.31. The Sherwin-Williams Company has a one year low of $301.58 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The firm has a market capitalization of $83.58 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.88 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.82 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.