Avior Wealth Management LLC Sells 222 Shares of The Sherwin-Williams Company (NYSE:SHW)

Avior Wealth Management LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,847 shares of the specialty chemicals company’s stock after selling 222 shares during the quarter. Avior Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after buying an additional 187,478 shares during the last quarter. 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 acquiring an additional 2,146,102 shares during the last quarter. Morgan Stanley boosted its holdings in Sherwin-Williams by 50.9% in the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after acquiring an additional 1,747,586 shares during the last quarter. Geode Capital Management LLC increased its position in Sherwin-Williams by 1.8% in the first quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after purchasing an additional 73,605 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Sherwin-Williams by 13.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company’s stock worth $742,334,000 after purchasing an additional 321,529 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

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

Analysts Set New Price Targets

Several brokerages have recently commented on SHW. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research report on Tuesday, February 27th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Royal Bank of Canada cut their price target on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Wells Fargo & Company raised their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $300.00 price objective (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $325.94.

Sherwin-Williams Stock Performance

Shares of SHW opened at $308.35 on Wednesday. The stock has a market capitalization of $78.46 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 2.49 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The firm has a fifty day simple moving average of $328.69 and a 200 day simple moving average of $296.82. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25.

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

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were given a dividend of $0.715 per share. 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. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is 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.