The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 54.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,361 shares of the specialty chemicals company's stock after selling 703,374 shares during the period. Ameriprise Financial Inc. owned approximately 0.23% of Sherwin-Williams worth $198,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SHW. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $36,000. WR Wealth Planners LLC lifted its position in Sherwin-Williams by 41.7% in the fourth 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 bought a new position in Sherwin-Williams during the 4th quarter valued at $41,000. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Five 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.00.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $352.60 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business's 50-day moving average price is $342.15 and its two-hundred day moving average price is $355.64. The company has a market capitalization of $88.68 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 yield of 0.90%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

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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