The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Xponance Inc.

Xponance Inc. cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 49,647 shares of the specialty chemicals company’s stock after selling 105 shares during the period. Xponance Inc.’s holdings in Sherwin-Williams were worth $15,485,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AIA Group Ltd raised its holdings in Sherwin-Williams by 20.8% in the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after acquiring an additional 2,810 shares in the last quarter. Twin Capital Management Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at $2,398,000. Federated Hermes Inc. raised its holdings in shares of Sherwin-Williams by 15.6% during the fourth quarter. Federated Hermes Inc. now owns 349,257 shares of the specialty chemicals company’s stock worth $108,933,000 after purchasing an additional 47,008 shares during the period. Waterfront Wealth Inc. raised its holdings in shares of Sherwin-Williams by 2.3% during the fourth quarter. Waterfront Wealth Inc. now owns 2,518 shares of the specialty chemicals company’s stock worth $785,000 after purchasing an additional 56 shares during the period. Finally, Court Place Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $211,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.3 %

SHW opened at $309.38 on Friday. 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 debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The firm’s fifty day moving average price is $328.64 and its two-hundred day moving average price is $297.00. The company has a market capitalization of $78.72 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.46 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business 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. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company increased 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. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a report on Tuesday, February 27th. Argus raised their price target 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. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $325.94.

Insider Buying and Selling

In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 in the last 90 days. Corporate 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.