The Sherwin-Williams Company $SHW Shares Sold by Obermeyer Wealth Partners

Key Points

• Obermeyer Wealth Partners cut its stake in The Sherwin‑Williams Company by 16.9% in Q4, selling 12,300 shares and finishing the quarter with 60,267 shares worth about $19.53 million.
• Several other institutions adjusted positions — notably Sei Investments increased its stake by 43.6% — leaving roughly 77.67% of SHW owned by institutional investors.
• Analyst coverage is mixed with multiple downgrades but a consensus of "Moderate Buy" and an average target of $379.08, and the company announced a $0.80 quarterly dividend (annualized $3.20, yield ~0.9%).

Obermeyer Wealth Partners cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,267 shares of the specialty chemicals company's stock after selling 12,300 shares during the quarter. Obermeyer Wealth Partners' holdings in Sherwin-Williams were worth $19,528,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC grew its position in shares of Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock valued at $2,178,000 after purchasing an additional 626 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $1,210,000. Sei Investments Co. grew its position in shares of Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company's stock valued at $67,612,000 after purchasing an additional 59,831 shares during the last quarter. Finally, Glenview Trust co grew its position in shares of Sherwin-Williams by 4.8% in the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company's stock valued at $1,116,000 after purchasing an additional 148 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sherwin-Williams in a research report on Friday, March 27th. Zacks Research upgraded shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Wells Fargo & Company lowered shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $410.00 to $365.00 in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Finally, Mizuho decreased their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating on the stock in a research report on Monday, March 23rd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $379.08.

Insider Buying and Selling

In related news, SVP Bryan J. Young sold 2,513 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams 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 transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 0.1%

Shares of NYSE SHW opened at $337.21 on Friday. The Sherwin-Williams Company has a 1 year low of $301.58 and a 1 year high of $379.65. The firm's 50 day moving average price is $334.47 and its 200 day moving average price is $338.31. The firm has a market cap of $83.41 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 2.90 and a beta of 1.27. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) 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 firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business earned $2.09 earnings per share. Sherwin-Williams's revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.82 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.16%.

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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