Miracle Mile Advisors LLC Has $481,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Miracle Mile Advisors LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 42.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,542 shares of the specialty chemicals company’s stock after selling 1,146 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Sherwin-Williams were worth $481,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Sherwin-Williams by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after buying an additional 187,478 shares during the period. State Street Corp raised its stake in Sherwin-Williams by 2.1% during the 2nd quarter. State Street Corp now owns 10,382,442 shares of the specialty chemicals company’s stock worth $2,756,746,000 after buying an additional 211,790 shares during the period. FMR LLC raised its stake in Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after buying an additional 2,146,102 shares during the period. Morgan Stanley raised its stake in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock valued at $936,902,000 after purchasing an additional 73,605 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.2 %

Shares of NYSE:SHW opened at $333.96 on Wednesday. The company has a fifty day moving average of $324.40 and a 200-day moving average of $291.51. The company has a market capitalization of $84.98 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $220.22 and a 52-week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 earnings per share. On average, equities analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm 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 is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, February 23rd. This represents a $2.86 annualized dividend and a dividend yield of 0.86%. Sherwin-Williams’s payout ratio is currently 30.92%.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. Mizuho dropped their price target on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Royal Bank of Canada dropped their price target 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. 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. The Goldman Sachs Group lifted their price target on Sherwin-Williams from $295.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Get Our Latest Stock Report on SHW

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction 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 sale, the insider now 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 SEC, which is accessible through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction 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 sale, the insider now 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 SEC, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last 90 days. 0.60% of the stock is owned by insiders.

About Sherwin-Williams

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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