Aries Wealth Management Has $291,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Aries Wealth Management lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 932 shares of the specialty chemicals company’s stock after selling 70 shares during the quarter. Aries Wealth Management’s holdings in Sherwin-Williams were worth $291,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after buying an additional 6,639 shares during the period. Machina Capital S.A.S. grew its position in Sherwin-Williams by 149.0% in the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 5,801 shares in the last quarter. Pearl River Capital LLC bought a new stake in Sherwin-Williams in the third quarter worth approximately $4,517,000. Comerica Bank bought a new stake in Sherwin-Williams in the second quarter worth approximately $27,192,000. Finally, WINTON GROUP Ltd grew its position in Sherwin-Williams by 299.1% in the third quarter. WINTON GROUP Ltd now owns 17,337 shares of the specialty chemicals company’s stock worth $4,422,000 after acquiring an additional 12,993 shares in the last quarter. Institutional investors and hedge funds own 75.87% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karl J. Jorgenrud sold 2,690 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.50, for a total transaction of $867,525.00. Following the sale, the insider now directly owns 12,941 shares in the company, valued at $4,173,472.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on SHW shares. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating for the company. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $318.72.

Sherwin-Williams Stock Up 0.2 %

SHW traded up $0.61 during trading on Monday, reaching $335.27. The company had a trading volume of 1,075,522 shares, compared to its average volume of 1,484,724. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The Sherwin-Williams Company has a 12 month low of $205.43 and a 12 month high of $347.71. The business’s fifty day moving average price is $316.13 and its 200 day moving average price is $286.43. The company has a market cap of $85.31 billion, a P/E ratio of 36.25, a PEG ratio of 2.50 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s payout ratio is currently 30.92%.

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.