The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524,118 shares of the specialty chemicals company's stock after selling 6,931 shares during the period. Raymond James & Associates owned 0.21% of Sherwin-Williams worth $182,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. First United Bank & Trust acquired a new position in Sherwin-Williams in the 4th quarter valued at about $31,000. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams during the third quarter worth approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 65 shares during the period. Union Savings Bank purchased a new position in Sherwin-Williams in the 3rd quarter valued at $28,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Sherwin-Williams in the 4th quarter valued at $35,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHW shares. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a "peer perform" rating on the stock. Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a "buy" rating on the stock in a research note on Wednesday. Seaport Res Ptn cut Sherwin-Williams from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. Citigroup decreased their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Evercore ISI cut their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $341.39.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now owns 28,475 shares of the company's stock, valued at $9,187,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Mary L. Garceau sold 23,518 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.5 %

Sherwin-Williams stock traded up $1.64 during trading hours on Friday, reaching $306.45. 1,820,261 shares of the company's stock traded hands, compared to its average volume of 1,484,751. The firm has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.47 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm's 50 day moving average is $328.05 and its 200-day moving average is $299.82.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the company earned $2.04 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio is presently 30.49%.

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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