Amalgamated Bank Has $18.66 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Amalgamated Bank decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,824 shares of the specialty chemicals company's stock after selling 2,984 shares during the quarter. Amalgamated Bank's holdings in Sherwin-Williams were worth $18,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company's stock worth $5,421,518,000 after purchasing an additional 187,478 shares during the last quarter. FMR LLC grew its holdings in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company's stock valued at $1,384,160,000 after acquiring an additional 2,146,102 shares in the last quarter. Morgan Stanley increased its position in shares of Sherwin-Williams by 1.5% in the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company's stock valued at $1,291,563,000 after acquiring an additional 75,571 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Sherwin-Williams by 1.1% during the third quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company's stock worth $679,108,000 after acquiring an additional 28,554 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Sherwin-Williams by 4.4% during the third quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company's stock valued at $643,846,000 after purchasing an additional 106,319 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 28,475 shares of the company's stock, valued at approximately $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the business'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 transaction 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 $9,187,743.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 over the last quarter. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reiterated an "outperform" rating and issued a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Mizuho decreased their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th. StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, April 25th. Finally, Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.39.

Sherwin-Williams Stock Performance

NYSE SHW traded up $6.84 during trading on Friday, reaching $311.30. The company's stock had a trading volume of 2,010,604 shares, compared to its average volume of 1,487,274. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The firm has a 50 day moving average price of $327.22 and a 200 day moving average price of $300.64. The firm has a market capitalization of $78.93 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) 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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