The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Condor Capital Management

Condor Capital Management lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,910 shares of the specialty chemicals company’s stock after selling 238 shares during the period. Condor Capital Management’s holdings in Sherwin-Williams were worth $4,049,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SHW. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $36,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $401.13.

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 shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $334.56 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market capitalization of $84.15 billion, a P/E ratio of 31.71, a PEG ratio of 2.98 and a beta of 1.23. The company has a 50 day moving average price of $353.91 and a 200 day moving average price of $365.04. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

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

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams’s dividend payout ratio is 29.95%.

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.