Capital International Ltd. CA Reduces Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Capital International Ltd. CA cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,398 shares of the specialty chemicals company’s stock after selling 5,192 shares during the quarter. Capital International Ltd. CA’s holdings in Sherwin-Williams were worth $15,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its holdings in shares of Sherwin-Williams by 11.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 292,617 shares of the specialty chemicals company’s stock worth $99,395,000 after buying an additional 29,444 shares during the last quarter. MSH Capital Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter worth approximately $5,012,000. NewEdge Advisors LLC increased its stake in Sherwin-Williams by 76.3% during the fourth quarter. NewEdge Advisors LLC now owns 15,555 shares of the specialty chemicals company’s stock worth $5,288,000 after acquiring an additional 6,731 shares during the last quarter. Main Street Financial Solutions LLC raised its position in Sherwin-Williams by 4.4% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,565 shares of the specialty chemicals company’s stock valued at $872,000 after purchasing an additional 108 shares during the period. Finally, Stenger Family Office LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $5,930,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $333.03 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm’s 50 day moving average is $345.34 and its two-hundred day moving average is $359.22. The firm has a market capitalization of $83.76 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the firm earned $1.81 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on Thursday, February 27th. The shares were 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 of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $392.50.

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.