The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 32.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,358 shares of the specialty chemicals company's stock after selling 2,627 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Sherwin-Williams were worth $1,821,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC increased its holdings in shares of Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares during the last quarter. Apella Capital LLC grew its position in Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after acquiring an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management raised its position in Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Transactions 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 value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 0.2 %

Shares of NYSE SHW traded up $0.54 during midday trading on Thursday, reaching $353.46. 1,446,950 shares of the company's stock traded hands, compared to its average volume of 1,769,280. The company has a market cap of $88.90 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.98 and a beta of 1.26. The stock's 50 day simple moving average is $341.90 and its 200-day simple moving average is $356.74. 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 one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during 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 for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.17 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SHW shares. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley cut their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average 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.