Evoke Wealth LLC Sells 758 Shares of The Sherwin-Williams Company (NYSE:SHW)

Evoke Wealth LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,430 shares of the specialty chemicals company’s stock after selling 758 shares during the period. Evoke Wealth LLC’s holdings in Sherwin-Williams were worth $5,925,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHW. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $36,000. True Wealth Design LLC grew its stake in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares in the last quarter. Finally, WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.3 %

NYSE SHW opened at $342.73 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a market cap of $86.20 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23. The company has a 50 day moving average of $353.95 and a 200-day moving average of $365.49. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

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

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SHW shares. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.