Vestmark Advisory Solutions Inc. Has $2.75 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Vestmark Advisory Solutions Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,823 shares of the specialty chemicals company’s stock after selling 93 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Sherwin-Williams were worth $2,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in Sherwin-Williams by 84.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,880 shares of the specialty chemicals company’s stock worth $11,957,000 after buying an additional 21,531 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Sherwin-Williams by 11.6% during the third quarter. Pinnacle Associates Ltd. now owns 2,722 shares of the specialty chemicals company’s stock worth $694,000 after acquiring an additional 284 shares during the period. Miracle Mile Advisors LLC lifted its position in Sherwin-Williams by 2.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,688 shares of the specialty chemicals company’s stock valued at $685,000 after acquiring an additional 57 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Sherwin-Williams in the 3rd quarter worth $76,000. Finally, Beacon Financial Advisory LLC increased its holdings in Sherwin-Williams by 15.9% during the 3rd quarter. Beacon Financial Advisory LLC now owns 1,230 shares of the specialty chemicals company’s stock worth $314,000 after purchasing an additional 169 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the company’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 transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the business’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 completion of the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $6.84 during mid-day trading on Friday, reaching $311.30. 2,027,799 shares of the company were exchanged, compared to its average volume of 1,681,363. The stock has a market capitalization of $78.93 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.50 and a beta of 1.18. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The company’s 50-day simple moving average is $327.00 and its 200-day simple moving average is $301.05. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the business earned $2.04 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Citigroup decreased their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $341.39.

About Sherwin-Williams

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.