Fisher Asset Management LLC Sells 397 Shares of The Sherwin-Williams Company (NYSE:SHW)

Fisher Asset Management LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,232 shares of the specialty chemicals company’s stock after selling 397 shares during the period. Fisher Asset Management LLC’s holdings in Sherwin-Williams were worth $2,880,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHW. OFI Invest Asset Management bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams in the 4th quarter valued at $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. Lee Financial Co bought a new position in Sherwin-Williams during the third quarter worth $32,000. Finally, Tompkins Financial Corp increased its holdings in shares of Sherwin-Williams by 1,533.3% in the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 1.2 %

NYSE SHW opened at $318.75 on Wednesday. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The business has a 50 day simple moving average of $326.67 and a 200 day simple moving average of $302.91. The stock has a market capitalization of $80.82 billion, a P/E ratio of 33.98, a P/E/G ratio of 2.50 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. During the same quarter in the prior year, the company posted $2.04 EPS. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. Wolfe Research began coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Barclays boosted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One 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. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $341.39.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams 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 transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction 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 have sold 32,050 shares of company stock valued at $10,340,237 over the last ninety days. 0.60% of the stock is owned by company insiders.

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.