The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 30.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,806 shares of the specialty chemicals company’s stock after selling 10,590 shares during the period. Sherwin-Williams makes up approximately 0.5% of Midland Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding. Midland Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $8,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SHW. FMR LLC increased its holdings in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its position in shares of Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock valued at $738,261,000 after buying an additional 114,591 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sherwin-Williams by 12.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after acquiring an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sherwin-Williams by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock worth $500,402,000 after purchasing an additional 50,983 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $363.99 on Monday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a 50-day moving average of $352.70 and a two-hundred 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. The stock has a market cap of $91.55 billion, a P/E ratio of 34.50, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) 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 period in the prior year, the company posted $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHW. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $403.31.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s 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 owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.