Bokf Na Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Bokf Na lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,014 shares of the specialty chemicals company’s stock after selling 145 shares during the period. Bokf Na’s holdings in Sherwin-Williams were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams in the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $351.84 on Friday. The stock has a market capitalization of $88.17 billion, a P/E ratio of 33.35, a PEG ratio of 2.98 and a beta of 1.25. The business has a 50 day simple moving average of $341.81 and a two-hundred day simple moving average of $355.36. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the company earned $2.17 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams’s payout ratio is 29.87%.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. UBS Group reduced their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $397.00.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

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.