Cullen Frost Bankers Inc. Sells 4,785 Shares of The Sherwin-Williams Company (NYSE:SHW)

Cullen Frost Bankers Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,200 shares of the specialty chemicals company’s stock after selling 4,785 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Sherwin-Williams were worth $29,381,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SHW. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after buying an additional 187,478 shares in the last quarter. FMR LLC raised its holdings in shares of Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after buying an additional 2,146,102 shares in the last quarter. Morgan Stanley raised its holdings in shares of Sherwin-Williams by 1.5% during the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock valued at $1,291,563,000 after buying an additional 75,571 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock valued at $679,108,000 after buying an additional 28,554 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Sherwin-Williams by 4.4% during the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock valued at $643,846,000 after buying an additional 106,319 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SHW shares. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 25th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Mizuho dropped their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Trading Up 1.2 %

Shares of NYSE SHW traded up $3.76 during midday trading on Tuesday, hitting $318.75. The company’s stock had a trading volume of 1,776,441 shares, compared to its average volume of 1,491,588. The business’s 50 day moving average is $326.67 and its two-hundred day moving average is $302.91. The firm has a market cap of $80.82 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.04 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s payout ratio is 30.49%.

Sherwin-Williams Company 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.