Brown Advisory Inc. Has $267.33 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Brown Advisory Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 786,439 shares of the specialty chemicals company's stock after selling 72,959 shares during the quarter. Brown Advisory Inc. owned approximately 0.31% of Sherwin-Williams worth $267,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Sherwin-Williams in the fourth quarter worth approximately $1,359,747,000. Capital Research Global Investors lifted its stake in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC grew its stake in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $230,829,000. Finally, Northern Trust Corp boosted its holdings in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after purchasing an additional 595,586 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $0.80 during midday trading on Wednesday, hitting $351.72. 1,025,875 shares of the company were exchanged, compared to its average volume of 1,761,595. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a market capitalization of $88.46 billion, a P/E ratio of 33.34, a PEG ratio of 2.98 and a beta of 1.24. The firm's 50 day moving average price is $342.15 and its two-hundred day moving average price is $355.64. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $397.00.

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.