Advisors Asset Management Inc. Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Advisors Asset Management Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,573 shares of the specialty chemicals company’s stock after selling 1,561 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sherwin-Williams were worth $5,294,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth $26,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the third quarter valued at $32,000. Sierra Ocean LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at about $36,000. True Wealth Design LLC lifted its stake in Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SHW shares. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One equities 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 presently has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $334.56 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm has a market capitalization of $84.15 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.98 and a beta of 1.23. 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 business has a fifty day simple moving average of $353.91 and a two-hundred day simple moving average of $365.04.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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 quarter in the previous year, the company posted $1.81 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

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.