The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,235 shares of the specialty chemicals company's stock after selling 7,931 shares during the period. Zurich Insurance Group Ltd FI's holdings in Sherwin-Williams were worth $17,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other Sherwin-Williams 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 transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 0.0%

Shares of NYSE SHW traded down $0.16 during mid-day trading on Friday, reaching $352.78. 1,018,253 shares of the company's stock were exchanged, compared to its average volume of 1,761,515. The company's 50-day moving average is $342.63 and its 200-day moving average is $355.05. 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 firm has a market capitalization of $88.41 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the firm posted $2.17 earnings per share. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Analysts Set New Price Targets

SHW has been the topic of several research analyst reports. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada upped their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams 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.