The Sherwin-Williams Company (NYSE:SHW) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 29.9% in the 4th quarter, Holdings Channel reports. The firm owned 5,652 shares of the specialty chemicals company’s stock after selling 2,411 shares during the quarter. IHT Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $36,000. WR Wealth Planners LLC raised its stake in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $332.18 on Wednesday. The business’s 50-day simple moving average is $343.54 and its 200-day simple moving average is $358.14. The firm has a market capitalization of $83.55 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the business posted $1.81 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHW. Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Morgan Stanley reduced their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group lowered their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Finally, Barclays decreased their price objective 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. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $391.25.

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.