Haverford Trust Co Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Haverford Trust Co lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,055 shares of the specialty chemicals company’s stock after selling 47 shares during the quarter. Haverford Trust Co’s holdings in Sherwin-Williams were worth $3,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth about $28,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the third quarter worth about $32,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the fourth quarter valued at approximately $36,000. Finally, True Wealth Design LLC grew its holdings in 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 valued at $38,000 after buying an additional 90 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $342.90 on Tuesday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market cap of $86.24 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The firm’s 50 day simple moving average is $354.10 and its 200-day simple moving average is $364.49. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

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, beating 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 prior year, the company earned $1.81 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is an increase 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 0.92%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Mizuho decreased their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. 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 research report on Friday, January 24th. Citigroup restated a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. 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 research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $401.13.

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.