Norris Perne & French LLP MI Sells 4,016 Shares of The Sherwin-Williams Company $SHW

Key Points

• Norris Perne & French LLP MI cut its Sherwin‑Williams holding by 4.6%, selling 4,016 shares and leaving 82,683 shares worth about $26.79 million (≈1.8% of its portfolio, its 18th largest position).
• Sherwin‑Williams beat Q4 estimates with $2.23 EPS and $5.60B revenue (revenue +5.6% YoY), raised its quarterly dividend to $0.80 (1.0% yield), and trades at a P/E of ~32.5 with a market cap near $82.6B.
• Insiders have been selling (Colin M. Davie sold 2,976 shares; SVP Bryan J. Young sold 2,513 shares), while analysts remain cautiously positive—consensus is a Moderate Buy with an average price target of $379.77.

Norris Perne & French LLP MI decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,683 shares of the specialty chemicals company's stock after selling 4,016 shares during the quarter. Sherwin-Williams comprises approximately 1.8% of Norris Perne & French LLP MI's investment portfolio, making the stock its 18th largest position. Norris Perne & French LLP MI's holdings in Sherwin-Williams were worth $26,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. raised its holdings in Sherwin-Williams by 1.0% during the 4th quarter. Blue Fin Capital Inc. now owns 3,971 shares of the specialty chemicals company's stock worth $1,287,000 after purchasing an additional 41 shares during the last quarter. Tectonic Advisors LLC raised its holdings in Sherwin-Williams by 5.4% during the 4th quarter. Tectonic Advisors LLC now owns 1,770 shares of the specialty chemicals company's stock worth $574,000 after purchasing an additional 90 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Sherwin-Williams by 5.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,652 shares of the specialty chemicals company's stock worth $535,000 after purchasing an additional 83 shares during the last quarter. Choreo LLC raised its holdings in Sherwin-Williams by 0.6% during the 4th quarter. Choreo LLC now owns 12,157 shares of the specialty chemicals company's stock worth $3,965,000 after purchasing an additional 68 shares during the last quarter. Finally, Robbins Farley increased its stake in shares of Sherwin-Williams by 0.8% in the 4th quarter. Robbins Farley now owns 11,877 shares of the specialty chemicals company's stock valued at $3,849,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $333.87 on Tuesday. The firm has a market capitalization of $82.59 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.91 and a beta of 1.27. The company has a fifty day moving average of $339.55 and a 200-day moving average of $338.64. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.07. The business 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.80 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $410.00 to $365.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Vertical Research upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. UBS Group lowered their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Finally, Citigroup lowered their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $379.77.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business's stock in a transaction on 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 sale, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owned 10,045 shares of the company's stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% 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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