Pinnacle Wealth Planning Services Inc. Sells 2,892 Shares of The Sherwin-Williams Company (NYSE:SHW)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,992 shares of the specialty chemicals company's stock after selling 2,892 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Sherwin-Williams were worth $2,037,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Voleon Capital Management LP acquired a new position in Sherwin-Williams during the 4th quarter valued at about $2,011,000. Kerusso Capital Management LLC boosted its stake in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Strategic Financial Concepts LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at about $169,000. Jamison Private Wealth Management Inc. boosted its stake in Sherwin-Williams by 58.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 3,307 shares of the specialty chemicals company's stock valued at $1,124,000 after purchasing an additional 1,220 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in Sherwin-Williams by 3.3% during the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock valued at $109,772,000 after purchasing an additional 10,267 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SHW. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Royal Bank of Canada lifted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Trading Down 1.3%

Shares of NYSE:SHW traded down $4.60 during mid-day trading on Wednesday, hitting $354.72. The stock had a trading volume of 792,169 shares, compared to its average volume of 1,758,743. 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 company has a market cap of $88.89 billion, a PE ratio of 33.62, a P/E/G ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company's 50 day moving average is $344.22 and its 200-day moving average is $354.28.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.89%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

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.