Donaldson Capital Management LLC Has $394,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Donaldson Capital Management LLC reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 81.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,134 shares of the specialty chemicals company’s stock after selling 5,103 shares during the period. Donaldson Capital Management LLC’s holdings in Sherwin-Williams were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SHW. Norges Bank bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $1,176,356,000. FMR LLC boosted its holdings in Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $432,737,000. Capital World Investors increased its holdings in shares of Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Sherwin-Williams by 2,853.9% in the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after buying an additional 628,175 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 0.5 %

Shares of SHW stock traded up $1.64 during trading hours on Friday, hitting $306.45. 1,820,261 shares of the company’s stock traded hands, compared to its average volume of 1,484,751. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The stock has a market cap of $77.98 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. The stock’s 50 day simple moving average is $328.05 and its 200 day simple moving average is $299.19.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm posted $2.04 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.41 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analysts Set New Price Targets

A number of research firms have commented on SHW. Citigroup lowered their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. BMO Capital Markets reiterated an “outperform” rating and set a $377.00 price objective (down from $385.00) on shares of Sherwin-Williams in a research note on Wednesday. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $337.37.

Insider Activity

In related news, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by insiders.

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.