Baxter Bros Inc. Sells 565 Shares of The Sherwin-Williams Company (NYSE:SHW)

Baxter Bros Inc. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,876 shares of the specialty chemicals company’s stock after selling 565 shares during the period. Sherwin-Williams accounts for approximately 1.3% of Baxter Bros Inc.’s investment portfolio, making the stock its 21st biggest holding. Baxter Bros Inc.’s holdings in Sherwin-Williams were worth $9,318,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $25,000. Lee Financial Co acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth $32,000. BluePath Capital Management LLC bought a new position in shares of Sherwin-Williams in the third quarter worth $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams during the fourth quarter worth about $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $36,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction 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 in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SHW shares. Wells Fargo & Company upped their price target 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. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 25th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $377.00 price objective (down from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Finally, Evercore ISI reduced their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Trading Up 2.2 %

SHW stock traded up $6.84 during midday trading on Friday, hitting $311.30. The stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The business has a fifty day moving average price of $327.00 and a two-hundred day moving average price of $301.05. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The firm has a market cap of $78.93 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Sherwin-Williams Company 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.