Frank Rimerman Advisors LLC Trims Stake in The Sherwin-Williams Company (NYSE:SHW)

Frank Rimerman Advisors LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 26.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,284 shares of the specialty chemicals company’s stock after selling 1,152 shares during the period. Frank Rimerman Advisors LLC’s holdings in Sherwin-Williams were worth $1,116,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC boosted its position in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 29 shares during the last quarter. Apella Capital LLC lifted its position in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares in the last quarter. IMS Capital Management increased its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 30 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Sherwin-Williams by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock valued at $2,835,000 after buying an additional 31 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company’s 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 approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Trading Down 0.0 %

NYSE:SHW opened at $341.99 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company’s 50-day simple moving average is $353.85 and its 200 day simple moving average is $365.59. The firm has a market capitalization of $86.01 billion, a P/E ratio of 32.42, a PEG ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

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

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.