CX Institutional Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

CX Institutional reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,360 shares of the specialty chemicals company’s stock after selling 42 shares during the quarter. CX Institutional’s holdings in Sherwin-Williams were worth $1,360,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SHW. Vanguard Group Inc. increased its position in shares of Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after acquiring an additional 187,478 shares during the period. State Street Corp increased its holdings in Sherwin-Williams by 2.1% during the 2nd quarter. State Street Corp now owns 10,382,442 shares of the specialty chemicals company’s stock worth $2,756,746,000 after purchasing an additional 211,790 shares during the period. FMR LLC raised its position in Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after buying an additional 1,747,586 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sherwin-Williams by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after buying an additional 73,605 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last three months. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $342.87 on Friday. The business has a fifty day moving average of $318.75 and a 200 day moving average of $287.66. The Sherwin-Williams Company has a 1 year low of $205.43 and a 1 year high of $347.71. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The firm has a market capitalization of $87.25 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.15.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on SHW shares. Robert W. Baird restated a “neutral” rating and issued a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Evercore ISI increased their target price on Sherwin-Williams from $355.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Mizuho reduced their price target on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $318.72.

Check Out Our Latest Research Report on Sherwin-Williams

Sherwin-Williams Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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