The Sherwin-Williams Company $SHW Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,312 shares of the specialty chemicals company’s stock after selling 2,479 shares during the period. Confluence Investment Management LLC’s holdings in Sherwin-Williams were worth $22,783,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC raised its position in shares of Sherwin-Williams by 2.4% during the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC boosted its holdings in Sherwin-Williams by 1.6% in the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after purchasing an additional 30 shares during the period. 17 Capital Partners LLC increased its stake in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in shares of Sherwin-Williams by 4.1% during the third quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Sherwin-Williams by 1.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Sherwin-Williams Stock Down 0.6%

Shares of Sherwin-Williams stock opened at $310.10 on Friday. 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 Sherwin-Williams Company has a 1-year low of $303.42 and a 1-year high of $379.65. The business’s fifty day moving average price is $350.52 and its two-hundred day moving average price is $343.14. The company has a market capitalization of $76.71 billion, a P/E ratio of 30.20, a PEG ratio of 2.70 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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 revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s payout ratio is 31.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHW. Mizuho raised their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $387.21.

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.