The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP trimmed its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,994 shares of the specialty chemicals company's stock after selling 3,031 shares during the quarter. Brevan Howard Capital Management LP's holdings in Sherwin-Williams were worth $6,117,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHW. Legacy Capital Wealth Partners LLC lifted its position in 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 valued at $350,000 after purchasing an additional 29 shares during the last quarter. Apella Capital LLC raised its holdings in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after buying an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of 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 buying an additional 30 shares during the period. IMS Capital Management grew its holdings in Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after buying an additional 30 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in 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 buying an additional 30 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group decreased their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Trading Up 1.7 %

NYSE SHW opened at $359.74 on Monday. The stock has a market cap of $90.48 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.98 and a beta of 1.24. The firm's 50 day moving average price is $342.22 and its two-hundred day moving average price is $355.86. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $2.17 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company 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. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Insider Activity at Sherwin-Williams

In related 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 completion of the sale, the insider now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.