Stifel Financial Corp Sells 2,240 Shares of The Sherwin-Williams Company (NYSE:SHW)

Stifel Financial Corp lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 353,675 shares of the specialty chemicals company’s stock after selling 2,240 shares during the quarter. Stifel Financial Corp’s holdings in Sherwin-Williams were worth $120,243,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. Tudor Financial Inc. bought a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $252,000. Eaton Financial Holdings Company LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $608,000. Arvest Bank Trust Division purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at approximately $350,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Sherwin-Williams by 2,092.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company’s stock valued at $6,392,000 after purchasing an additional 15,983 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $322.77 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market capitalization of $81.18 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The firm has a 50 day moving average of $344.13 and a 200 day moving average of $358.32.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 prior year, the firm earned $1.81 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.98%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the business’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. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHW. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Citigroup lowered their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $392.50.

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.