Glen Eagle Advisors LLC Sells 54 Shares of The Sherwin-Williams Company (NYSE:SHW)

Glen Eagle Advisors LLC reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,384 shares of the specialty chemicals company’s stock after selling 54 shares during the period. Glen Eagle Advisors LLC’s holdings in Sherwin-Williams were worth $3,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC grew its position in Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 523 shares during the period. City Holding Co. lifted its position in Sherwin-Williams by 2.8% in the 4th quarter. City Holding Co. now owns 1,883 shares of the specialty chemicals company’s stock valued at $640,000 after acquiring an additional 52 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in Sherwin-Williams by 28.4% during the 4th quarter. Diversify Wealth Management LLC now owns 1,804 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 399 shares in the last quarter. Tudor Financial Inc. raised its stake in shares of Sherwin-Williams by 11.8% in the fourth quarter. Tudor Financial Inc. now owns 738 shares of the specialty chemicals company’s stock worth $251,000 after purchasing an additional 78 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Sherwin-Williams by 11.3% in the fourth quarter. Ballentine Partners LLC now owns 5,031 shares of the specialty chemicals company’s stock valued at $1,710,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup lowered their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Barclays cut their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $397.00.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $359.02 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market capitalization of $89.97 billion, a P/E ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business has a fifty day moving average price of $342.19 and a 200-day moving average price of $355.20.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $2.17 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. Sherwin-Williams’s payout ratio is currently 29.87%.

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.