CIBC Private Wealth Group LLC Sells 8,806 Shares of The Sherwin-Williams Company (NYSE:SHW)

CIBC Private Wealth Group LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,524 shares of the specialty chemicals company’s stock after selling 8,806 shares during the period. CIBC Private Wealth Group LLC’s holdings in Sherwin-Williams were worth $109,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Merit Financial Group LLC grew its position in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 523 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. raised its holdings in shares of Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after buying an additional 766 shares during the period. Kerusso Capital Management LLC lifted its position in shares of Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Canoe Financial LP lifted its holdings in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after buying an additional 286,791 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Mizuho cut their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.7 %

Sherwin-Williams stock opened at $339.77 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market capitalization of $85.46 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The firm has a 50 day simple moving average of $353.59 and a 200-day simple moving average of $363.86. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company posted $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 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.