Xponance Inc. Sells 105 Shares of The Sherwin-Williams Company (NYSE:SHW)

Xponance Inc. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,647 shares of the specialty chemicals company’s stock after selling 105 shares during the quarter. Xponance Inc.’s holdings in Sherwin-Williams were worth $15,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the last quarter. Norges Bank purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $498,336,000. Morgan Stanley grew its holdings in Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after acquiring an additional 1,747,586 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in Sherwin-Williams during the fourth quarter valued at approximately $432,737,000. Finally, PineStone Asset Management Inc. lifted its holdings in Sherwin-Williams by 263.7% in the third quarter. PineStone Asset Management Inc. now owns 921,772 shares of the specialty chemicals company’s stock valued at $235,098,000 after acquiring an additional 668,305 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SHW shares. Mizuho cut their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a report on Friday, January 26th. Argus upped their price objective on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Evercore ISI dropped their target price on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Citigroup upped their price target on Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.94.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

SHW opened at $309.38 on Friday. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a market cap of $78.72 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company has a 50-day moving average price of $328.64 and a 200 day moving average price of $297.00.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the company earned $1.89 EPS. Sherwin-Williams’s revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

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.