Aveo Capital Partners LLC Sells 178 Shares of The Sherwin-Williams Company (NYSE:SHW)

Aveo Capital Partners LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,467 shares of the specialty chemicals company’s stock after selling 178 shares during the period. Aveo Capital Partners LLC’s holdings in Sherwin-Williams were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. First Hawaiian Bank grew its stake in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares in the last quarter. Tsfg LLC grew its position in shares of Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 34 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in shares of Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the period. Arthur M. Cohen & Associates LLC raised its position in shares of Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 38 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in Sherwin-Williams by 3.6% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,105 shares of the specialty chemicals company’s stock valued at $345,000 after buying an additional 38 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Mizuho dropped their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada reduced their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Get Our Latest Stock Analysis on SHW

Sherwin-Williams Stock Up 0.6 %

Shares of NYSE SHW opened at $303.80 on Friday. The company has a market cap of $77.03 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.43 and a beta of 1.18. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm’s fifty day moving average is $316.60 and its 200 day moving average is $310.55. The Sherwin-Williams Company has a 52 week low of $224.40 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’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 completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Profile

(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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