JARISLOWSKY FRASER Ltd Has $123.36 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

JARISLOWSKY FRASER Ltd lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 365,322 shares of the specialty chemicals company's stock after selling 11,737 shares during the quarter. JARISLOWSKY FRASER Ltd owned approximately 0.15% of Sherwin-Williams worth $123,358,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $36,000. WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% in 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 shares of Sherwin-Williams in the 4th quarter valued at about $41,000. Institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

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

Sherwin-Williams Stock Down 0.8%

Shares of SHW traded down $2.73 during mid-day trading on Wednesday, hitting $353.31. 151,265 shares of the company's stock were exchanged, compared to its average volume of 1,759,476. The company has a market cap of $88.54 billion, a PE ratio of 33.48, a P/E/G 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. The company has a 50-day simple moving average of $341.61 and a 200 day simple moving average of $355.25. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly 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. The company had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. UBS Group cut their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

About Sherwin-Williams

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.