Wrapmanager Inc. Sells 50 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wrapmanager Inc. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 917 shares of the specialty chemicals company’s stock after selling 50 shares during the period. Wrapmanager Inc.’s holdings in Sherwin-Williams were worth $286,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sherwin-Williams by 16.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,196 shares of the specialty chemicals company’s stock worth $16,373,000 after acquiring an additional 9,000 shares during the last quarter. Advisor Partners II LLC raised its position in Sherwin-Williams by 2.4% during the 3rd quarter. Advisor Partners II LLC now owns 9,840 shares of the specialty chemicals company’s stock valued at $2,510,000 after purchasing an additional 226 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $987,000. CENTRAL TRUST Co grew its position in shares of Sherwin-Williams by 3.9% in the 3rd quarter. CENTRAL TRUST Co now owns 6,484 shares of the specialty chemicals company’s stock worth $1,654,000 after buying an additional 243 shares during the last quarter. Finally, TIAA Trust National Association purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $12,375,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.4 %

SHW traded up $1.43 during trading on Thursday, hitting $320.43. 1,287,512 shares of the company’s stock traded hands, compared to its average volume of 1,483,119. The stock has a market capitalization of $81.24 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.50 and a beta of 1.18. The company’s 50 day simple moving average is $326.46 and its two-hundred day simple moving average is $303.02. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month 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.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $2.04 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.89%. Sherwin-Williams’s payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a report on Tuesday, February 27th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $341.39.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of 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. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 over the last quarter. Company insiders own 0.60% of the company’s stock.

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.