Gideon Capital Advisors Inc. trimmed its stake in Sherwin-Williams Co (NYSE:SHW) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 843 shares of the specialty chemicals company’s stock after selling 121 shares during the period. Gideon Capital Advisors Inc.’s holdings in Sherwin-Williams were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Berman Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $28,000. Karp Capital Management Corp purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $33,000. CMH Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $35,000. JNBA Financial Advisors purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $35,000. Finally, Riverview Trust Co purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $35,000. 76.18% of the stock is owned by institutional investors.

NYSE:SHW opened at $428.82 on Friday. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $479.64. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. The company has a market cap of $39.18 billion, a P/E ratio of 23.14, a PEG ratio of 1.62 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $3.16 EPS. As a group, equities analysts anticipate that Sherwin-Williams Co will post 21.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 25th were paid a dividend of $1.13 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $4.52 dividend on an annualized basis and a yield of 1.05%. Sherwin-Williams’s dividend payout ratio is presently 24.39%.

In other Sherwin-Williams news, insider Joel D. Baxter sold 7,621 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the transaction, the insider now owns 10,308 shares in the company, valued at approximately $4,526,758.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the transaction, the senior vice president now owns 10,599 shares in the company, valued at approximately $4,598,906.10. The disclosure for this sale can be found here. Insiders have sold a total of 11,839 shares of company stock worth $5,186,817 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

SHW has been the subject of several research reports. Longbow Research initiated coverage on shares of Sherwin-Williams in a research report on Friday, November 30th. They issued a “neutral” rating for the company. Deutsche Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the stock from $400.00 to $465.00 in a research report on Tuesday, December 4th. JPMorgan Chase & Co. raised shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $380.00 to $415.00 in a research report on Monday, December 17th. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. Finally, Wells Fargo & Co raised shares of Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price target for the company in a research report on Monday, January 14th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $461.75.

ILLEGAL ACTIVITY WARNING: “Gideon Capital Advisors Inc. Lowers Holdings in Sherwin-Williams Co (SHW)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/03/15/gideon-capital-advisors-inc-lowers-holdings-in-sherwin-williams-co-shw.html.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Read More: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.