Greenleaf Trust Sells 170 Shares of The Sherwin-Williams Company (NYSE:SHW)

Greenleaf Trust lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,573 shares of the specialty chemicals company’s stock after selling 170 shares during the quarter. Greenleaf Trust’s holdings in Sherwin-Williams were worth $6,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. OFI Invest Asset Management bought a new stake in Sherwin-Williams in the third quarter worth $25,000. Union Savings Bank bought a new stake in Sherwin-Williams in the third quarter worth $28,000. Providence Capital Advisors LLC increased its position in Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the last quarter. Lee Financial Co bought a new stake in Sherwin-Williams in the third quarter worth $32,000. Finally, BluePath Capital Management LLC bought a new stake in Sherwin-Williams in the third quarter worth $33,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research note on Tuesday, February 27th. Wolfe Research initiated coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $325.94.

Sherwin-Williams Trading Down 1.1 %

Shares of SHW traded down $3.42 during trading hours on Friday, reaching $305.96. 1,560,671 shares of the company traded hands, compared to its average volume of 1,402,321. The firm has a market cap of $77.85 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.46 and a beta of 1.15. 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 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The stock’s fifty day moving average price is $328.64 and its 200 day moving average price is $297.00.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.92%.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 over the last three months. 0.60% of the stock is owned by company insiders.

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.