Man Group plc Sells 5,100 Shares of The Sherwin-Williams Company (NYSE:SHW)

Man Group plc lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,977 shares of the specialty chemicals company's stock after selling 5,100 shares during the period. Man Group plc's holdings in Sherwin-Williams were worth $11,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $28,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $36,000. WR Wealth Planners LLC increased its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $41,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $363.22 on Monday. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average price of $341.61 and a 200-day moving average price of $355.15. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

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 for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Analyst Ratings Changes

A number of research firms have commented on SHW. UBS Group reduced their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley reduced their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.