The Sherwin-Williams Company $SHW Stock Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 321,630 shares of the specialty chemicals company’s stock after selling 20,975 shares during the quarter. Natixis Advisors LLC owned 0.13% of Sherwin-Williams worth $111,368,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC increased its stake in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Sherwin-Williams by 50.7% during the second quarter. Golden State Wealth Management LLC now owns 208 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 70 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Sherwin-Williams by 13.8% during the second quarter. Savant Capital LLC now owns 3,514 shares of the specialty chemicals company’s stock worth $1,207,000 after purchasing an additional 426 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Sherwin-Williams by 27.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,761 shares of the specialty chemicals company’s stock worth $1,291,000 after purchasing an additional 803 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 30th. Mizuho raised their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Trading Down 1.7%

Sherwin-Williams stock opened at $329.77 on Monday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a market capitalization of $81.57 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25. The firm has a 50 day simple moving average of $352.17 and a 200-day simple moving average of $345.72.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 earnings per share. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.