Argent Trust Co decreased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 9.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,956 shares of the specialty chemicals company’s stock after selling 213 shares during the quarter. Argent Trust Co’s holdings in Sherwin-Williams were worth $899,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC purchased a new stake in Sherwin-Williams in the first quarter worth about $25,000. Wealthcare Advisory Partners LLC increased its position in Sherwin-Williams by 66.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 50 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 20 shares during the period. Key Financial Inc bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $29,000. PSI Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $33,000. Finally, Heritage Wealth Advisors bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.
In other Sherwin-Williams news, insider Aaron M. Erter sold 935 shares of Sherwin-Williams stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $534.70, for a total transaction of $499,944.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David B. Sewell sold 5,752 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total value of $3,285,139.76. Following the completion of the transaction, the chief operating officer now directly owns 14,100 shares of the company’s stock, valued at approximately $8,052,933. The disclosure for this sale can be found here. Insiders have sold a total of 7,595 shares of company stock valued at $4,231,947 over the last three months. 0.55% of the stock is currently owned by insiders.
SHW has been the subject of a number of analyst reports. Wells Fargo & Co upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $600.00 to $550.00 in a report on Thursday, April 16th. Cfra cut Sherwin-Williams from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $635.00 to $600.00 in a research note on Thursday, January 30th. Susquehanna Bancshares lowered Sherwin-Williams from a “positive” rating to a “neutral” rating and set a $620.00 target price on the stock. in a research note on Tuesday, February 4th. UBS Group boosted their target price on shares of Sherwin-Williams from $480.00 to $520.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Sherwin-Williams in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Sherwin-Williams currently has a consensus rating of “Hold” and a consensus target price of $574.39.
Shares of NYSE SHW traded up $7.30 during mid-day trading on Friday, hitting $577.30. The stock had a trading volume of 279,081 shares, compared to its average volume of 549,646. The firm has a market cap of $51.76 billion, a PE ratio of 33.35, a PEG ratio of 3.34 and a beta of 1.22. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.57 and a current ratio of 0.94. The company has a 50 day moving average of $512.13 and a two-hundred day moving average of $546.59. Sherwin-Williams Co has a twelve month low of $325.43 and a twelve month high of $599.95.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.95 by $0.13. Sherwin-Williams had a return on equity of 53.04% and a net margin of 8.98%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Sherwin-Williams Co will post 19.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, May 21st. Sherwin-Williams’s dividend payout ratio is presently 25.38%.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
Read More: How a Back-End Load Mutual Fund Works
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.