Williams Jones Wealth Management LLC. Sells 1,023 Shares of The Sherwin-Williams Company (NYSE:SHW)

Williams Jones Wealth Management LLC. reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,337 shares of the specialty chemicals company's stock after selling 1,023 shares during the period. Sherwin-Williams makes up approximately 1.3% of Williams Jones Wealth Management LLC.'s holdings, making the stock its 28th largest holding. Williams Jones Wealth Management LLC. owned approximately 0.12% of Sherwin-Williams worth $104,473,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $36,000. WR Wealth Planners LLC lifted its holdings in 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 purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter valued at about $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $361.92 on Tuesday. The company has a market cap of $90.70 billion, a PE ratio of 34.31, a PEG ratio of 2.98 and a beta of 1.25. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company's 50-day moving average is $341.84 and its two-hundred 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 for the quarter, beating 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 business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business posted $2.17 earnings per share. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHW. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group cut their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Royal Bank of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

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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