Frank Rimerman Advisors LLC Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Frank Rimerman Advisors LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,284 shares of the specialty chemicals company’s stock after selling 1,152 shares during the period. Frank Rimerman Advisors LLC’s holdings in Sherwin-Williams were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SHW. Copperwynd Financial LLC grew its stake in shares of Sherwin-Williams by 5.0% during the 4th quarter. Copperwynd Financial LLC now owns 2,740 shares of the specialty chemicals company’s stock valued at $931,000 after purchasing an additional 131 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $611,000. LBP AM SA grew its position in Sherwin-Williams by 43.0% during the fourth quarter. LBP AM SA now owns 60,787 shares of the specialty chemicals company’s stock valued at $20,663,000 after buying an additional 18,266 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in Sherwin-Williams by 13.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 16,515 shares of the specialty chemicals company’s stock valued at $5,614,000 after buying an additional 2,005 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Sherwin-Williams by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 171,071 shares of the specialty chemicals company’s stock worth $58,152,000 after acquiring an additional 2,940 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $341.99 on Friday. The business has a fifty day moving average of $353.85 and a 200 day moving average of $365.59. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $86.01 billion, a P/E ratio of 32.42, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 firm posted $1.81 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.92%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SHW. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho lowered their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $401.13.

About Sherwin-Williams

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.