C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Holdings in The Sherwin-Williams Company $SHW

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 33.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,063 shares of the specialty chemicals company’s stock after selling 2,033 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Sherwin-Williams were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Lodestone Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $31,000. Rossby Financial LCC raised its position in Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $36,000. True Wealth Design LLC lifted its holdings in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.1%

SHW opened at $317.69 on Friday. The firm has a market capitalization of $78.58 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27. The company’s 50 day simple moving average is $342.34 and its two-hundred day simple moving average is $339.42. The Sherwin-Williams Company has a 1-year low of $301.58 and a 1-year 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.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.80 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of the firm’s 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 completion of the transaction, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup decreased their price objective on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Finally, UBS Group lowered their price target on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.23.

Sherwin-Williams Profile

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.