Royal Fund Management LLC Sells 200 Shares of The Sherwin-Williams Company (NYSE:SHW)

Royal Fund Management LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 17.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 915 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Royal Fund Management LLC’s holdings in Sherwin-Williams were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after purchasing an additional 187,478 shares during the period. FMR LLC lifted its stake in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley lifted its stake in shares of Sherwin-Williams by 1.5% in the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after purchasing an additional 75,571 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Sherwin-Williams by 1.1% in the 3rd quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock worth $679,108,000 after purchasing an additional 28,554 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Sherwin-Williams by 4.4% in the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock worth $643,846,000 after purchasing an additional 106,319 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now 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 sold a total of 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHW shares. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a report on Tuesday, February 27th. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Evercore ISI reduced their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $6.84 on Friday, reaching $311.30. The company’s stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The stock’s fifty day simple moving average is $327.00 and its 200-day simple moving average is $301.05. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $78.93 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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 given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.