Capital Group Private Client Services Inc. Sells 51,233 Shares of The Sherwin-Williams Company $SHW

Key Points

• Capital Group Private Client Services cut its stake in Sherwin‑Williams by 76.8%, selling 51,233 shares and leaving 15,504 shares valued at about $5.37 million.
• Sherwin‑Williams beat quarterly estimates with EPS $2.23 vs. $2.16 and $5.60 billion in revenue (up 5.6% YoY), and raised its quarterly dividend to $0.80 ($3.20 annual, ~1.0% yield; ex‑dividend Mar 2).
• Analysts rate the stock a consensus "Moderate Buy" with an average target price of $388.21 (11 Buys, 4 Holds, 1 Sell).

Capital Group Private Client Services Inc. lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 76.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,504 shares of the specialty chemicals company's stock after selling 51,233 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Sherwin-Williams were worth $5,368,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SHW. Brighton Jones LLC grew its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC lifted its holdings in Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock valued at $2,178,000 after buying an additional 626 shares in the last quarter. Savant Capital LLC lifted its holdings in Sherwin-Williams by 13.8% during the 2nd quarter. Savant Capital LLC now owns 3,514 shares of the specialty chemicals company's stock valued at $1,207,000 after buying an additional 426 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Sherwin-Williams by 27.1% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,761 shares of the specialty chemicals company's stock valued at $1,291,000 after buying an additional 803 shares during the period. Finally, AE Wealth Management LLC grew its stake in Sherwin-Williams by 7.7% in the 2nd quarter. AE Wealth Management LLC now owns 9,123 shares of the specialty chemicals company's stock worth $3,133,000 after acquiring an additional 651 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $330.57 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a market cap of $81.77 billion, a PE ratio of 32.19, a P/E/G ratio of 2.89 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The business has a 50-day simple moving average of $352.42 and a two-hundred day simple moving average of $345.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams's revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.80 dividend. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams's dividend payout ratio is 31.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SHW shares. Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the stock an "outperform" rating in a research report on Friday, January 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Mizuho raised their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 target price for the company. in a research report on Thursday, January 22nd. Finally, UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $388.21.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares of the company's stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company's stock.

About Sherwin-Williams

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

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