Axxcess Wealth Management LLC Sells 597 Shares of The Sherwin-Williams Company (NYSE:SHW)

Axxcess Wealth Management LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 47.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 655 shares of the specialty chemicals company’s stock after selling 597 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sherwin-Williams were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $212,000. Counterpoint Mutual Funds LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at about $277,000. Signaturefd LLC lifted its holdings in Sherwin-Williams by 0.8% during the 4th quarter. Signaturefd LLC now owns 5,412 shares of the specialty chemicals company’s stock valued at $1,840,000 after buying an additional 45 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Sherwin-Williams by 1.7% during the 4th quarter. Parallel Advisors LLC now owns 29,929 shares of the specialty chemicals company’s stock valued at $10,174,000 after buying an additional 511 shares in the last quarter. Finally, Cibc World Markets Corp lifted its holdings in Sherwin-Williams by 734.4% during the 4th quarter. Cibc World Markets Corp now owns 267,297 shares of the specialty chemicals company’s stock valued at $90,862,000 after buying an additional 235,264 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.5 %

Shares of Sherwin-Williams stock opened at $334.38 on Friday. The firm’s 50 day moving average price is $353.97 and its 200-day moving average price is $364.60. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market cap of $84.10 billion, a P/E ratio of 31.69, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 29.95%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction 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. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.