Keybank National Association OH Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Keybank National Association OH lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 321,027 shares of the specialty chemicals company’s stock after selling 3,545 shares during the period. Keybank National Association OH owned 0.13% of Sherwin-Williams worth $109,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Sherwin-Williams by 29.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,105 shares of the specialty chemicals company’s stock worth $714,000 after purchasing an additional 478 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sherwin-Williams by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock valued at $500,402,000 after buying an additional 50,983 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Sherwin-Williams by 91.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,415 shares of the specialty chemicals company’s stock valued at $4,560,000 after buying an additional 6,413 shares during the period. Mission Wealth Management LP boosted its stake in shares of Sherwin-Williams by 0.6% in the 4th quarter. Mission Wealth Management LP now owns 22,353 shares of the specialty chemicals company’s stock valued at $7,599,000 after buying an additional 128 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in Sherwin-Williams by 31.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,293 shares of the specialty chemicals company’s stock worth $462,000 after purchasing an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 1.6 %

NYSE SHW opened at $356.49 on Tuesday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a market cap of $89.66 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.98 and a beta of 1.22. 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 50 day moving average of $351.49 and a 200-day moving average of $365.86.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 quarter in the previous year, the company earned $1.81 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada cut their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $403.31.

Sherwin-Williams 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.