Wealth Alliance Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Wealth Alliance cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,191 shares of the specialty chemicals company’s stock after selling 108 shares during the period. Wealth Alliance’s holdings in Sherwin-Williams were worth $683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Roundview Capital LLC raised its holdings in shares of Sherwin-Williams by 8.1% in the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock valued at $2,013,000 after buying an additional 607 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Sherwin-Williams by 189.1% in the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after buying an additional 6,808 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Sherwin-Williams by 26.5% in the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after buying an additional 24,884 shares during the last quarter. Prudential PLC acquired a new position in shares of Sherwin-Williams during the first quarter worth about $1,231,000. Finally, Cetera Investment Advisers increased its stake in shares of Sherwin-Williams by 2.6% during the first quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock worth $2,842,000 after acquiring an additional 287 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.6 %

Shares of SHW opened at $310.16 on Thursday. The firm has a market cap of $78.92 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. The company’s fifty day moving average is $328.69 and its two-hundred day moving average is $296.92. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business earned $1.89 EPS. Analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is currently 30.92%.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SHW shares. Barclays boosted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Robert W. Baird reiterated a “neutral” rating and set a $300.00 price target (up from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a research report on Tuesday, February 27th. Finally, Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

About Sherwin-Williams

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.