Howe & Rusling Inc. Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Howe & Rusling Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,174 shares of the specialty chemicals company’s stock after selling 39 shares during the quarter. Howe & Rusling Inc.’s holdings in Sherwin-Williams were worth $399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Capital Wealth Partners LLC boosted its stake in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 29 shares during the last quarter. Apella Capital LLC boosted its position in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after acquiring an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management increased its position in Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Sherwin-Williams by 0.4% during the third quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock worth $2,835,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.3 %

NYSE:SHW opened at $345.45 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business’s 50-day simple moving average is $353.87 and its 200 day simple moving average is $364.08. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market cap of $86.88 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the company posted $1.81 earnings per share. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SHW shares. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup reiterated a “buy” rating and set a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams 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.