Montrusco Bolton Investments Inc. Sells 32,119 Shares of The Sherwin-Williams Company $SHW

Key Points

• Montrusco Bolton Investments Inc. cut its stake in The Sherwin‑Williams Company by 7.7%, selling 32,119 shares and now holds 387,679 shares worth about $122.86 million, representing roughly 0.16% of SHW and 1.5% of the firm's portfolio.
• Sherwin‑Williams beat quarterly expectations with $2.23 EPS versus a $2.16 consensus and reported $5.60 billion in revenue (up 5.6% YoY), and the company declared a $0.80 quarterly dividend (annualized $3.20, yield 0.9%; ex‑dividend May 22).
• Insiders sold shares (SVP Bryan J. Young and Colin M. Davie sold stakes worth about $915K and $1.07M respectively), while several analysts trimmed price targets but the consensus remains a "Moderate Buy" with an average target of $379.08.

Montrusco Bolton Investments Inc. lowered its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 387,679 shares of the specialty chemicals company's stock after selling 32,119 shares during the quarter. Sherwin-Williams comprises approximately 1.5% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 21st biggest holding. Montrusco Bolton Investments Inc. owned 0.16% of Sherwin-Williams worth $122,864,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC lifted its stake in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 48 shares in the last quarter. True Wealth Design LLC lifted its stake in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 61 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Sherwin-Williams in the third quarter valued at approximately $42,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Sherwin-Williams by 42.4% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 39 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $337.21 on Friday. The Sherwin-Williams Company has a one year low of $301.58 and a one year high of $379.65. The company has a market cap of $83.41 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.90 and a beta of 1.27. The firm's fifty day moving average price is $334.47 and its two-hundred day moving average price is $338.31. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The company's quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that The Sherwin-Williams Company will post 11.82 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $0.80 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is 31.16%.

Insider Activity

In related news, SVP Bryan J. Young sold 2,513 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group cut their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company lowered shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $410.00 to $365.00 in a research report on Friday, April 10th. Citigroup cut their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Zacks Research raised shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective on the stock. in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $379.08.

Sherwin-Williams Profile

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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