Schroder Investment Management Group Cuts Stake in The Sherwin-Williams Company $SHW

Schroder Investment Management Group lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 489,123 shares of the specialty chemicals company’s stock after selling 76,372 shares during the quarter. Schroder Investment Management Group’s holdings in Sherwin-Williams were worth $169,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. MTM Investment Management LLC purchased a new position in Sherwin-Williams during the second quarter valued at $26,000. Vermillion & White Wealth Management Group LLC lifted its stake in Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $36,000. Finally, True Wealth Design LLC grew its position in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $333.36 on Tuesday. The company has a 50 day moving average price of $352.33 and a 200-day moving average price of $345.51. The company has a market capitalization of $82.46 billion, a PE ratio of 32.46, a P/E/G ratio of 2.86 and a beta of 1.25. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.80 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

About Sherwin-Williams

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.