Transcend Capital Advisors LLC Sells 631 Shares of The Sherwin-Williams Company (NYSE:SHW)

Transcend Capital Advisors LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,891 shares of the specialty chemicals company’s stock after selling 631 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sherwin-Williams were worth $2,683,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHW. Valued Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. increased its stake in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $36,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $349.85 on Friday. The firm’s 50-day moving average price is $351.44 and its 200-day moving average price is $365.20. 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 company has a market cap of $88.11 billion, a PE ratio of 33.16, a PEG ratio of 3.00 and a beta of 1.22. 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 announced 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 prior year, the firm posted $1.81 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 27.11%.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Citigroup decreased their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

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.