Arnhold LLC Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Arnhold LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,154 shares of the specialty chemicals company’s stock after selling 1,248 shares during the period. Arnhold LLC’s holdings in Sherwin-Williams were worth $672,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHW. Exchange Traded Concepts LLC grew its stake in Sherwin-Williams by 9,310.0% in the third quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 931 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Sherwin-Williams by 10.3% in the third quarter. Valeo Financial Advisors LLC now owns 2,167 shares of the specialty chemicals company’s stock valued at $553,000 after purchasing an additional 203 shares during the last quarter. Golden State Equity Partners grew its stake in Sherwin-Williams by 9.5% in the third quarter. Golden State Equity Partners now owns 1,262 shares of the specialty chemicals company’s stock valued at $322,000 after purchasing an additional 109 shares during the last quarter. Avestar Capital LLC grew its stake in Sherwin-Williams by 12.5% in the third quarter. Avestar Capital LLC now owns 988 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 110 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in Sherwin-Williams by 44.5% in the third quarter. Brookstone Capital Management now owns 5,711 shares of the specialty chemicals company’s stock valued at $1,364,000 after purchasing an additional 1,760 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $6.49 during trading hours on Tuesday, reaching $299.60. The company had a trading volume of 1,779,401 shares, compared to its average volume of 1,474,726. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The firm has a market cap of $76.24 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The business’s 50 day moving average price is $327.76 and its 200-day moving average price is $300.59. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (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 analyst estimates of $5.50 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity

In other news, SVP Mary L. Garceau sold 23,518 shares of the business’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 value of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Justin T. Binns sold 1,563 shares of the business’s 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 completion of the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the business’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 value of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 25th. Finally, Evercore ISI lowered their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.39.

Sherwin-Williams Company Profile

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.