The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,170 shares of the specialty chemicals company’s stock after selling 235 shares during the period. Insigneo Advisory Services LLC’s holdings in Sherwin-Williams were worth $738,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after buying an additional 138,170 shares in the last quarter. FMR LLC increased its position in Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock worth $2,239,715,000 after purchasing an additional 106,093 shares in the last quarter. Geode Capital Management LLC raised its stake in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock valued at $1,636,679,000 after purchasing an additional 96,571 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock valued at $1,467,138,000 after purchasing an additional 86,268 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $1,359,747,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Barclays reduced their price target on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company dropped their target price on Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $392.50.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $331.90 on Thursday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market capitalization of $83.48 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.98 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm’s fifty day simple moving average is $345.87 and its 200 day simple moving average is $359.56.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the business earned $1.81 earnings per share. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s payout ratio is currently 29.95%.

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.