Corient Private Wealth LLC Sells 8,056 Shares of The Sherwin-Williams Company (NYSE:SHW)

Corient Private Wealth LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 132,990 shares of the specialty chemicals company’s stock after selling 8,056 shares during the period. Corient Private Wealth LLC owned 0.05% of Sherwin-Williams worth $45,208,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its position in shares of Sherwin-Williams by 3.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,292 shares of the specialty chemicals company’s stock valued at $7,238,000 after purchasing an additional 718 shares during the period. Copperwynd Financial LLC raised its holdings in Sherwin-Williams by 5.0% during the 4th quarter. Copperwynd Financial LLC now owns 2,740 shares of the specialty chemicals company’s stock valued at $931,000 after acquiring an additional 131 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $611,000. LBP AM SA boosted its holdings in shares of Sherwin-Williams by 43.0% in the fourth quarter. LBP AM SA now owns 60,787 shares of the specialty chemicals company’s stock worth $20,663,000 after acquiring an additional 18,266 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Sherwin-Williams by 13.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 16,515 shares of the specialty chemicals company’s stock valued at $5,614,000 after purchasing an additional 2,005 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $342.73 on Tuesday. The stock has a market cap of $86.20 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.98 and a beta of 1.23. The stock’s 50-day moving average is $353.95 and its 200 day moving average is $365.49. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. 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 announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 last year, the business posted $1.81 earnings per share. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on SHW shares. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $401.13.

About Sherwin-Williams

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.