Chevy Chase Trust Holdings LLC Has $40.98 Million Stake in The Sherwin-Williams Company $SHW

Chevy Chase Trust Holdings LLC lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,339 shares of the specialty chemicals company’s stock after selling 3,447 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Sherwin-Williams were worth $40,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cordatus Wealth Management LLC increased its position in Sherwin-Williams by 149.4% in the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after acquiring an additional 5,744 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Sherwin-Williams by 16.1% in the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after acquiring an additional 17,422 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after purchasing an additional 6,408 shares in the last quarter. Inscription Capital LLC bought a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $1,069,000. Finally, Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SHW. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Trading Up 0.6%

Shares of NYSE SHW opened at $319.62 on Monday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The firm has a market capitalization of $79.06 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The company’s 50 day simple moving average is $352.08 and its 200 day simple moving average is $344.21.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 31.16%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.