The Sherwin-Williams Company $SHW Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 150,049 shares of the specialty chemicals company’s stock after selling 2,614 shares during the quarter. US Bancorp DE owned about 0.06% of Sherwin-Williams worth $51,956,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Mufg Securities Americas Inc. raised its position in Sherwin-Williams by 22.4% in the 3rd quarter. Mufg Securities Americas Inc. now owns 6,253 shares of the specialty chemicals company’s stock valued at $2,165,000 after purchasing an additional 1,144 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $249,000. Compound Planning Inc. lifted its holdings in Sherwin-Williams by 8.2% in the third quarter. Compound Planning Inc. now owns 5,250 shares of the specialty chemicals company’s stock valued at $1,818,000 after acquiring an additional 396 shares during the period. Portland Global Advisors LLC lifted its stake in shares of Sherwin-Williams by 5.3% in the third quarter. Portland Global Advisors LLC now owns 3,328 shares of the specialty chemicals company’s stock valued at $1,152,000 after purchasing an additional 168 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 3.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,310 shares of the specialty chemicals company’s stock worth $800,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SHW shares. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Mizuho increased their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.67.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $360.39 on Friday. The firm has a fifty day simple moving average of $349.47 and a 200-day simple moving average of $346.66. The company has a market capitalization of $89.30 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

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

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 31.16%.

Sherwin-Williams 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.