Park National Corp OH Sells 1,724 Shares of The Sherwin-Williams Company $SHW

Park National Corp OH lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 40.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,552 shares of the specialty chemicals company’s stock after selling 1,724 shares during the period. Park National Corp OH’s holdings in Sherwin-Williams were worth $827,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cordatus Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after acquiring an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Sherwin-Williams by 26.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares in the last quarter. Mairs & Power Inc. grew its position in Sherwin-Williams by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after acquiring an additional 3,430 shares during the last quarter. Finally, Inscription Capital LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $1,069,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.3%

Sherwin-Williams stock opened at $303.25 on Friday. The company’s 50-day moving average price is $349.53 and its two-hundred day moving average price is $342.71. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $75.01 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.69 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.80 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. UBS Group set a $420.00 price target on Sherwin-Williams in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $387.21.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.