The Sherwin-Williams Company $SHW Shares Sold by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC trimmed its stake in Sherwin‑Williams by 12.6%, selling 4,507 shares and leaving 31,256 shares valued at about $10.823 million.
• Sherwin‑Williams beat quarterly expectations, reporting EPS of $2.23 versus $2.16 expected and revenue of $5.60 billion, with net margin of 10.9% and revenue up 5.6% year‑over‑year.
• The company raised its quarterly dividend to $0.80 (from $0.79) for a $3.20 annualized payout (≈1.0% yield), and analysts hold a consensus “Moderate Buy” with an average target of $388.21.

Beck Mack & Oliver LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,256 shares of the specialty chemicals company's stock after selling 4,507 shares during the quarter. Beck Mack & Oliver LLC's holdings in Sherwin-Williams were worth $10,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company's stock worth $7,838,532,000 after buying an additional 309,153 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company's stock worth $1,334,918,000 after buying an additional 351,453 shares during the last quarter. Norges Bank acquired a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $1,296,565,000. Capital Research Global Investors boosted its holdings in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company's stock valued at $1,188,698,000 after acquiring an additional 11,560 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sherwin-Williams by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company's stock worth $1,056,811,000 after acquiring an additional 12,715 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $319.62 on Friday. The firm has a market cap of $79.06 billion, a PE ratio of 31.12, a PEG ratio of 2.77 and a beta of 1.25. The firm has a fifty day moving average of $352.08 and a 200 day moving average of $344.38. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given 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 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams's payout ratio is currently 31.16%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an "outperform" rating in a research report on Friday, January 30th. Mizuho lifted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an "outperform" rating in a research note on Tuesday, February 17th. Vertical Research upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 target price on the stock in a research note on Wednesday, January 7th. Finally, Zacks Research lowered Sherwin-Williams from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $388.21.

Insider Activity

In other news, SVP Bryan J. Young sold 2,513 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company's stock.

Sherwin-Williams Company 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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