Larson Financial Group LLC Sells 392 Shares of The Sherwin-Williams Company (NYSE:SHW)

Larson Financial Group LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 36.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673 shares of the specialty chemicals company’s stock after selling 392 shares during the period. Larson Financial Group LLC’s holdings in Sherwin-Williams were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares in the last quarter. IMS Capital Management lifted its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Sherwin-Williams by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock worth $2,835,000 after purchasing an additional 31 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $353.78 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $88.98 billion, a PE ratio of 33.53, a P/E/G ratio of 2.98 and a beta of 1.23. The business has a 50 day moving average of $353.36 and a 200 day moving average of $365.96. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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 business earned $1.81 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction 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 sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Mizuho cut their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. Finally, Royal Bank of Canada cut their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $401.13.

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.