Comerica Bank Has $44.88 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Comerica Bank reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,039 shares of the specialty chemicals company's stock after selling 2,987 shares during the period. Comerica Bank owned 0.05% of Sherwin-Williams worth $44,884,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Legacy Capital Wealth Partners LLC raised its holdings 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 worth $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC boosted its holdings in 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 acquiring an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its stake in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its position in shares of Sherwin-Williams by 2.7% during 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 last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $350.00 to $420.00 in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $6.10 during mid-day trading on Friday, hitting $359.74. 1,398,615 shares of the company were exchanged, compared to its average volume of 1,768,049. The company has a market capitalization of $90.48 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The business has a fifty day moving average of $342.22 and a 200 day moving average of $356.33. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.