Summit Trail Advisors LLC Has $695,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Summit Trail Advisors LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,227 shares of the specialty chemicals company’s stock after selling 139 shares during the quarter. Summit Trail Advisors LLC’s holdings in Sherwin-Williams were worth $695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after buying an additional 187,478 shares in the last quarter. FMR LLC lifted its stake in shares of Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after acquiring an additional 2,146,102 shares during the period. Morgan Stanley boosted its holdings in Sherwin-Williams by 1.5% in the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock valued at $1,291,563,000 after acquiring an additional 75,571 shares during the last quarter. Clearbridge Investments LLC increased its position in Sherwin-Williams by 1.1% in the third quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock worth $679,108,000 after purchasing an additional 28,554 shares during the period. Finally, Northern Trust Corp raised its holdings in Sherwin-Williams by 4.4% during the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock worth $643,846,000 after purchasing an additional 106,319 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird lifted their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Barclays upped their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $341.39.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the insider now owns 9,329 shares in the company, 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, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.9 %

Shares of Sherwin-Williams stock traded up $2.95 during trading on Tuesday, reaching $317.94. The stock had a trading volume of 339,861 shares, compared to its average volume of 1,474,243. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $80.61 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.50 and a beta of 1.18. The stock has a fifty day moving average price of $326.85 and a two-hundred day moving average price of $302.34. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

About Sherwin-Williams

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.