Mitchell Mcleod Pugh & Williams Inc. Has $683,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Mitchell Mcleod Pugh & Williams Inc. decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,189 shares of the specialty chemicals company’s stock after selling 110 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Sherwin-Williams were worth $683,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after buying an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Sherwin-Williams in the 4th quarter valued at $432,737,000. International Assets Investment Management LLC boosted its stake in Sherwin-Williams by 2,853.9% in the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after purchasing an additional 628,175 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sherwin-Williams by 188.3% in the third quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock valued at $193,561,000 after buying an additional 495,668 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Sherwin-Williams by 49.7% in the third quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock valued at $251,456,000 after buying an additional 327,372 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SHW shares. BMO Capital Markets restated an “outperform” rating and issued a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, April 24th. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Barclays lifted their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Mizuho reduced their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Wolfe Research began coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $341.39.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the firm’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 directly owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Down 0.1 %

Shares of Sherwin-Williams stock opened at $306.09 on Tuesday. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average is $327.99 and its 200-day moving average is $300.22. The stock has a market cap of $77.89 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.46 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company earned $2.04 EPS. Sherwin-Williams’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

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.