Truist Financial Corp Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Truist Financial Corp decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,640 shares of the specialty chemicals company's stock after selling 19,482 shares during the period. Truist Financial Corp's holdings in Sherwin-Williams were worth $16,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $25,000. Union Savings Bank bought a new position in Sherwin-Williams during the third quarter worth about $28,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $36,000. Finally, Lee Financial Co acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $32,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company'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 value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares of the company's stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 1.3 %

SHW traded up $3.75 on Wednesday, hitting $303.36. 1,954,519 shares of the company were exchanged, compared to its average volume of 1,480,438. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The stock's fifty day moving average is $327.54 and its 200-day moving average is $300.61. The company has a market cap of $77.19 billion, a PE ratio of 32.34, a PEG ratio of 2.46 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS 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 company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the company posted $2.04 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams's payout ratio is 30.49%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup lowered their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a "buy" rating for the company in a research note on Thursday, April 25th. Wolfe Research began coverage on Sherwin-Williams in a report on Friday, March 1st. They set a "peer perform" rating on the stock. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 price target on the stock in a research report on Tuesday, February 27th. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th. Finally, KeyCorp raised Sherwin-Williams from a "sector weight" rating to an "overweight" rating and set a $400.00 target price for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $341.39.

Sherwin-Williams 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.