Corbyn Investment Management Inc. MD Lowers Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Corbyn Investment Management Inc. MD lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,684 shares of the specialty chemicals company’s stock after selling 241 shares during the quarter. Corbyn Investment Management Inc. MD’s holdings in Sherwin-Williams were worth $2,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams in the third quarter worth $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Sherwin-Williams during the 4th quarter valued at $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $36,000. Finally, Lee Financial Co purchased a new position in shares of Sherwin-Williams in the third quarter worth $32,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW traded up $1.35 on Friday, reaching $306.16. 687,640 shares of the stock were exchanged, compared to its average volume of 1,451,794. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The company’s 50-day simple moving average is $328.10 and its two-hundred day simple moving average is $298.81. The firm has a market capitalization of $77.91 billion, a PE ratio of 32.49, a PEG ratio of 2.41 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 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 analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction 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 sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHW shares. Wolfe Research started coverage on Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $377.00 target price (down previously from $385.00) on shares of Sherwin-Williams in a report on Wednesday. Finally, UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $337.37.

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.