The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,070 shares of the specialty chemicals company’s stock after selling 387 shares during the period. Sherwin-Williams makes up about 1.0% of Baxter Bros Inc.’s holdings, making the stock its 25th biggest holding. Baxter Bros Inc.’s holdings in Sherwin-Williams were worth $7,842,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SHW. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter worth $36,000. Finally, True Wealth Design LLC lifted its stake in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Citigroup reaffirmed 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $401.13.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’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 value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 2.5 %

NYSE:SHW opened at $342.90 on Tuesday. 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 company’s 50 day moving average is $354.10 and its 200-day moving average is $364.49. The firm has a market cap of $86.24 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

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, topping analysts’ consensus estimates 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 quarter last year, the business posted $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

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.