The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,811 shares of the specialty chemicals company’s stock after selling 261 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SHW. Roundview Capital LLC grew its position in shares of Sherwin-Williams by 8.1% in the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock valued at $2,013,000 after purchasing an additional 607 shares during the period. Cibc World Market Inc. boosted its stake in Sherwin-Williams by 189.1% in the 1st quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock worth $2,598,000 after buying an additional 6,808 shares during the last quarter. Sei Investments Co. grew its holdings in Sherwin-Williams by 26.5% in the 1st quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after buying an additional 24,884 shares during the period. Prudential PLC acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at about $1,231,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Sherwin-Williams by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock worth $2,842,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Mizuho reduced their price objective on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Citigroup lifted their price target on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Check Out Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Up 0.6 %

Shares of Sherwin-Williams stock opened at $310.16 on Thursday. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The company has a market capitalization of $78.92 billion, a PE ratio of 33.53, a P/E/G ratio of 2.45 and a beta of 1.15. 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 business has a 50-day moving average of $328.69 and a 200-day moving average of $296.92.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.23 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. Sherwin-Williams’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last ninety days. 0.60% of the stock is owned by insiders.

About Sherwin-Williams

(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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