Allen Capital Group LLC Has $485,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Allen Capital Group LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,555 shares of the specialty chemicals company’s stock after selling 49 shares during the period. Allen Capital Group LLC’s holdings in Sherwin-Williams were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after buying an additional 187,478 shares in the last quarter. FMR LLC raised its holdings in Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after buying an additional 2,146,102 shares in the last quarter. Morgan Stanley raised its holdings in Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after buying an additional 1,747,586 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 1.8% during the first quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock valued at $936,902,000 after buying an additional 73,605 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Sherwin-Williams by 13.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company’s stock valued at $742,334,000 after buying an additional 321,529 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. Finally, Barclays increased their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.94.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last three months. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 1.8 %

Shares of SHW opened at $308.35 on Wednesday. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The firm’s 50 day moving average is $328.69 and its 200-day moving average is $296.82. The stock has a market capitalization of $78.46 billion, a PE ratio of 33.34, a P/E/G ratio of 2.49 and a beta of 1.15. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $1.89 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

About Sherwin-Williams

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.