The Sherwin-Williams Company $SHW Stock Holdings Lessened by Raub Brock Capital Management LP

Raub Brock Capital Management LP trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,130 shares of the specialty chemicals company’s stock after selling 1,624 shares during the quarter. Sherwin-Williams comprises about 3.6% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 10th largest position. Raub Brock Capital Management LP’s holdings in Sherwin-Williams were worth $16,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SHW. Modera Wealth Management LLC grew its stake in shares of Sherwin-Williams by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 29 shares during the last quarter. CoreCap Advisors LLC raised its position in Sherwin-Williams by 0.6% during the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after purchasing an additional 29 shares during the last quarter. Mather Group LLC. lifted its holdings in Sherwin-Williams by 1.4% in the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after buying an additional 30 shares during the period. Alpine Bank Wealth Management lifted its holdings in Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 31 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Sherwin-Williams by 1.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after buying an additional 32 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Mizuho cut their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Royal Bank Of Canada decreased their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research report on Thursday, January 22nd. Finally, UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $384.43.

Insider Activity

In other news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Up 0.2%

NYSE SHW opened at $315.97 on Tuesday. The firm has a market capitalization of $78.16 billion, a PE ratio of 30.77, a P/E/G ratio of 2.73 and a beta of 1.25. The stock’s 50 day moving average is $344.74 and its 200 day moving average is $340.32. The Sherwin-Williams Company has a twelve month low of $301.58 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.

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

Sherwin-Williams Increases Dividend

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