BW Gestao de Investimentos Ltda. Sells 3,803 Shares of The Sherwin-Williams Company (NYSE:SHW)

BW Gestao de Investimentos Ltda. decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,164 shares of the specialty chemicals company's stock after selling 3,803 shares during the quarter. BW Gestao de Investimentos Ltda.'s holdings in Sherwin-Williams were worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction 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 completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at $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 currently owned by insiders.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $0.80 during mid-day trading on Wednesday, reaching $351.72. The company's stock had a trading volume of 1,025,875 shares, compared to its average volume of 1,761,595. The company 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 fifty day moving average price is $342.15 and its two-hundred day moving average price is $355.64. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.17 EPS. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Barclays cut their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.