Yousif Capital Management LLC Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Yousif Capital Management LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,110 shares of the specialty chemicals company’s stock after selling 1,263 shares during the quarter. Yousif Capital Management LLC’s holdings in Sherwin-Williams were worth $18,437,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHW. First Hawaiian Bank boosted its position in shares of Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares during the last quarter. Tsfg LLC lifted its position in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 34 shares during the last quarter. Ellsworth Advisors LLC lifted its position in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after buying an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its position in Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 38 shares during the last quarter. Finally, Midwest Financial Group LLC lifted its position in Sherwin-Williams by 1.6% in the third quarter. Midwest Financial Group LLC now owns 2,540 shares of the specialty chemicals company’s stock worth $648,000 after buying an additional 40 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams 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 completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHW shares. Robert W. Baird restated a “neutral” rating and issued a $300.00 price target (up from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Royal Bank of Canada decreased their target price on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Wolfe Research initiated coverage on Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating for the company. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, Evercore ISI decreased their target price on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.94.

Sherwin-Williams Stock Down 2.2 %

SHW traded down $6.92 on Tuesday, hitting $302.34. The company had a trading volume of 4,426,466 shares, compared to its average volume of 1,441,146. The stock has a fifty day moving average price of $328.40 and a 200-day moving average price of $298.73. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The stock has a market capitalization of $76.93 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 2.42 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. Analysts predict that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

Sherwin-Williams 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.