Cresset Asset Management LLC Sells 20,186 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cresset Asset Management LLC trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 48.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,189 shares of the specialty chemicals company's stock after selling 20,186 shares during the quarter. Cresset Asset Management LLC's holdings in Sherwin-Williams were worth $7,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $28,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $36,000. WR Wealth Planners LLC boosted its holdings in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $41,000. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 sale, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $1.51 during mid-day trading on Tuesday, reaching $355.64. The company's stock had a trading volume of 567,803 shares, compared to its average volume of 1,760,287. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a market cap of $89.12 billion, a P/E ratio of 33.71, a PEG ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm's 50-day moving average is $341.70 and its two-hundred day moving average is $355.25.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Analyst Ratings Changes

Several research firms recently issued reports on SHW. Royal Bank of Canada upped their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, Citigroup cut their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.