Logan Capital Management Inc. Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Logan Capital Management Inc. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,104 shares of the specialty chemicals company's stock after selling 3,672 shares during the quarter. Sherwin-Williams comprises approximately 1.3% of Logan Capital Management Inc.'s portfolio, making the stock its 15th biggest holding. Logan Capital Management Inc.'s holdings in Sherwin-Williams were worth $29,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC lifted its stake in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $351.84 on Monday. The company has a market cap of $88.17 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company's fifty day moving average is $341.81 and its two-hundred day moving average is $355.26. 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SHW. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Citigroup lowered their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target 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.

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