The Sherwin-Williams Company (NYSE:SHW) Stock Position Reduced by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 935 shares of the specialty chemicals company’s stock after selling 82 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Sherwin-Williams were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Merit Financial Group LLC grew its position in Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares in the last quarter. Park Avenue Securities LLC grew its position in Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after acquiring an additional 2,303 shares in the last quarter. Burney Co. grew its position in Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after acquiring an additional 766 shares in the last quarter. Kerusso Capital Management LLC grew its position in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after acquiring an additional 4,439 shares in the last quarter. Finally, Swedbank AB grew its position in Sherwin-Williams by 4.2% in the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after acquiring an additional 4,681 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.0 %

Shares of SHW stock opened at $341.99 on Monday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market cap of $86.01 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 2.98 and a beta of 1.23. 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 firm has a fifty day moving average of $353.85 and a 200-day moving average of $365.62.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the business posted $1.81 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insider Activity

In other 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 value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on SHW shares. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group restated a “hold” rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Citigroup restated a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

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.