WBI Investments LLC Has $272,000 Position in The Sherwin-Williams Company (NYSE:SHW)

WBI Investments LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 79.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 800 shares of the specialty chemicals company's stock after selling 3,064 shares during the quarter. WBI Investments LLC's holdings in Sherwin-Williams were worth $272,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twinbeech Capital LP grew its position in shares of Sherwin-Williams by 148.3% in the 4th quarter. Twinbeech Capital LP now owns 210,109 shares of the specialty chemicals company's stock valued at $71,422,000 after purchasing an additional 125,496 shares during the period. Tairen Capital Ltd acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $4,419,000. Tidal Investments LLC grew its position in shares of Sherwin-Williams by 424.3% in the 4th quarter. Tidal Investments LLC now owns 84,694 shares of the specialty chemicals company's stock valued at $28,790,000 after purchasing an additional 68,541 shares during the period. State of Wyoming grew its position in shares of Sherwin-Williams by 143.0% in the 4th quarter. State of Wyoming now owns 678 shares of the specialty chemicals company's stock valued at $230,000 after purchasing an additional 399 shares during the period. Finally, Strategic Global Advisors LLC grew its position in shares of Sherwin-Williams by 6.7% in the 4th quarter. Strategic Global Advisors LLC now owns 3,371 shares of the specialty chemicals company's stock valued at $1,146,000 after purchasing an additional 213 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 0.4%

Shares of Sherwin-Williams stock opened at $361.92 on Tuesday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market cap of $90.70 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business's 50 day moving average is $341.84 and its 200-day moving average is $355.17.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHW shares. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Royal Bank of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Company 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.

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