Victory Capital Management Inc. Sells 6,399 Shares of The Sherwin-Williams Company (NYSE:SHW)

Victory Capital Management Inc. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,193 shares of the specialty chemicals company’s stock after selling 6,399 shares during the quarter. Victory Capital Management Inc.’s holdings in Sherwin-Williams were worth $33,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC raised its stake in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 523 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after acquiring an additional 209 shares during the last quarter. Park Avenue Securities LLC increased its stake in Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after acquiring an additional 2,303 shares during the last quarter. Burney Co. increased its stake in Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after acquiring an additional 766 shares during the last quarter. Finally, Kerusso Capital Management LLC increased its stake in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after acquiring an additional 4,439 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.1 %

Shares of SHW stock opened at $363.99 on Monday. The stock has a market capitalization of $91.55 billion, a PE ratio of 34.50, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business has a 50-day moving average of $352.70 and a 200 day moving average of $365.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company posted $1.81 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.87%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHW. Morgan Stanley decreased their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $403.31.

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.