Mattern Capital Management LLC Sells 595 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mattern Capital Management LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,312 shares of the specialty chemicals company’s stock after selling 595 shares during the quarter. Sherwin-Williams accounts for approximately 1.3% of Mattern Capital Management LLC’s holdings, making the stock its 26th biggest position. Mattern Capital Management LLC’s holdings in Sherwin-Williams were worth $9,624,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHW. FMR LLC raised its position in shares of Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. International Assets Investment Management LLC raised its position in Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after buying an additional 724,907 shares during the last quarter. Mizuho Securities USA LLC raised its position in Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after buying an additional 308,921 shares during the last quarter. Canoe Financial LP raised its position in Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after buying an additional 286,791 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Sherwin-Williams by 47.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after buying an additional 278,242 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.6 %

Shares of SHW opened at $349.85 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a 50 day simple moving average of $351.44 and a two-hundred day simple moving average of $365.20. The firm has a market cap of $88.11 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 3.00 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 company posted $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 27.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHW. Morgan Stanley decreased their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The transaction 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.

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.