Eagle Bluffs Wealth Management LLC Has $811,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Eagle Bluffs Wealth Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,600 shares of the specialty chemicals company’s stock after selling 119 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Sherwin-Williams were worth $811,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Sherwin-Williams by 16.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after acquiring an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $38,444,000. Machina Capital S.A.S. raised its holdings in shares of Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after purchasing an additional 5,801 shares during the period. Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $4,517,000. Finally, Simplicity Solutions LLC raised its holdings in shares of Sherwin-Williams by 182.2% during the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after purchasing an additional 6,909 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHW. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Mizuho lowered their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Argus upped their target price on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. 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 report on Tuesday, February 27th. Finally, Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $325.94.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 over the last 90 days. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded down $4.77 on Tuesday, reaching $309.20. 946,863 shares of the company traded hands, compared to its average volume of 1,394,718. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a 50 day moving average of $328.68 and a 200 day moving average of $296.45. The firm has a market capitalization of $78.68 billion, a PE ratio of 33.46, a PEG ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $1.89 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.86 annualized dividend and a yield of 0.92%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s payout ratio is 30.92%.

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.