Schroder Investment Management Group Reduces Stock Position in The Sherwin-Williams Company $SHW

Schroder Investment Management Group cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,123 shares of the specialty chemicals company’s stock after selling 76,372 shares during the quarter. Schroder Investment Management Group owned 0.20% of Sherwin-Williams worth $169,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MTM Investment Management LLC bought a new stake in Sherwin-Williams in the 2nd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares during the period. Rossby Financial LCC boosted its stake in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth $36,000. Finally, True Wealth Design LLC grew its holdings in shares of Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 61 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SHW shares. UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Mizuho boosted their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $388.21.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were 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. The trade was a 20.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on 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 completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 1.1%

SHW stock opened at $333.36 on Tuesday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $82.46 billion, a P/E ratio of 32.46, a PEG ratio of 2.86 and a beta of 1.25. The business’s 50-day moving average price is $352.33 and its 200-day moving average price is $345.51.

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

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is 31.16%.

Sherwin-Williams 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.