Wilmington Savings Fund Society FSB Sells 3,841 Shares of The Sherwin-Williams Company $SHW

Wilmington Savings Fund Society FSB decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,754 shares of the specialty chemicals company’s stock after selling 3,841 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Sherwin-Williams were worth $4,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Modera Wealth Management LLC boosted its stake in Sherwin-Williams by 2.4% during the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after buying an additional 29 shares during the period. Richard W. Paul & Associates LLC lifted its holdings in shares of Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the last quarter. 17 Capital Partners LLC lifted its holdings in shares of Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after acquiring an additional 31 shares during the last quarter. Alpine Bank Wealth Management grew its holdings in Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after purchasing an additional 31 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Sherwin-Williams by 1.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SHW. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday, January 7th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Mizuho increased their price target on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Stock Performance

SHW stock opened at $312.28 on Thursday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The firm has a 50-day simple moving average of $351.13 and a two-hundred day simple moving average of $343.37. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The firm has a market cap of $77.24 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.78 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping 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 return on equity of 65.26% and a net margin of 10.90%.The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

Insider Activity

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by company insiders.

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.