Haverford Trust Co Reduces Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Haverford Trust Co reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,055 shares of the specialty chemicals company’s stock after selling 47 shares during the period. Haverford Trust Co’s holdings in Sherwin-Williams were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC increased its holdings in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after acquiring an additional 523 shares in the last quarter. Park Avenue Securities LLC grew its position in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. increased its stake in Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after purchasing an additional 766 shares in the last quarter. Kerusso Capital Management LLC raised its holdings in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after buying an additional 4,439 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after buying an additional 4,681 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 2.5 %

Shares of SHW opened at $342.90 on Tuesday. The firm has a market cap of $86.24 billion, a P/E ratio of 32.50, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock’s 50 day moving average is $354.10 and its two-hundred day moving average is $364.49. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the company posted $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SHW shares. Mizuho cut their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Citigroup reiterated a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Company Profile

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.