Eagle Bluffs Wealth Management LLC Has $811,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Eagle Bluffs Wealth Management LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,600 shares of the specialty chemicals company’s stock after selling 119 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Sherwin-Williams were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Roundview Capital LLC grew its holdings in Sherwin-Williams by 8.1% during the 1st quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock worth $2,013,000 after acquiring an additional 607 shares during the period. Cibc World Market Inc. grew its holdings in Sherwin-Williams by 189.1% during the 1st quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock worth $2,598,000 after acquiring an additional 6,808 shares during the period. Sei Investments Co. grew its holdings in Sherwin-Williams by 26.5% during the 1st quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock worth $29,956,000 after acquiring an additional 24,884 shares during the period. Prudential PLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $1,231,000. Finally, Cetera Investment Advisers grew its holdings in Sherwin-Williams by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock worth $2,842,000 after acquiring an additional 287 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SHW shares. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Citigroup increased their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI cut their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wolfe Research initiated coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $325.94.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $4.77 during mid-day trading on Tuesday, reaching $309.20. The company’s stock had a trading volume of 946,863 shares, compared to its average volume of 1,394,718. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a market capitalization of $78.68 billion, a P/E ratio of 33.46, a PEG ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The firm’s fifty day moving average price is $328.68 and its two-hundred day moving average price is $296.45.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business earned $1.89 EPS. Sherwin-Williams’s revenue was up .4% compared to the same quarter last year. Sell-side analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s payout ratio is currently 30.92%.

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.