Great Valley Advisor Group Inc. Sells 86 Shares of The Sherwin-Williams Company (NYSE:SHW)

Great Valley Advisor Group Inc. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,466 shares of the specialty chemicals company’s stock after selling 86 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Sherwin-Williams were worth $769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Essex Financial Services Inc. increased its holdings in shares of Sherwin-Williams by 1.7% in the 4th quarter. Essex Financial Services Inc. now owns 2,941 shares of the specialty chemicals company’s stock worth $918,000 after buying an additional 49 shares during the last quarter. Cannell & Co. increased its stake in Sherwin-Williams by 2.2% in the fourth quarter. Cannell & Co. now owns 3,717 shares of the specialty chemicals company’s stock valued at $1,159,000 after acquiring an additional 81 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Sherwin-Williams by 49.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 497 shares of the specialty chemicals company’s stock valued at $155,000 after purchasing an additional 164 shares in the last quarter. Savant Capital LLC lifted its stake in Sherwin-Williams by 4.4% during the fourth quarter. Savant Capital LLC now owns 1,943 shares of the specialty chemicals company’s stock worth $606,000 after purchasing an additional 82 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in Sherwin-Williams by 3.6% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,105 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research reports. Barclays raised their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI cut their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $341.39.

Insider Transactions at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the company’s 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 sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 value of $767,859.46. Following the sale, 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 can be accessed through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $311.30 on Friday. The firm has a market capitalization of $78.93 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.50 and a beta of 1.18. The stock has a fifty day moving average of $327.00 and a 200 day moving average of $301.05. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last issued 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). The company 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current 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 given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.