Donaldson Capital Management LLC Sells 5,103 Shares of The Sherwin-Williams Company (NYSE:SHW)

Donaldson Capital Management LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 81.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,134 shares of the specialty chemicals company’s stock after selling 5,103 shares during the quarter. Donaldson Capital Management LLC’s holdings in Sherwin-Williams were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after acquiring an additional 6,639 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $38,444,000. Machina Capital S.A.S. grew its stake in shares of Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after buying an additional 5,801 shares during the last quarter. AIA Group Ltd increased its position in Sherwin-Williams by 20.8% during the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after buying an additional 2,810 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in Sherwin-Williams during the third quarter valued at $4,517,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHW. Wells Fargo & Company raised their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday. Robert W. Baird upped their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI reduced their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.37.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $1.64 during trading on Friday, hitting $306.45. The company’s stock had a trading volume of 1,820,261 shares, compared to its average volume of 1,484,751. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market cap of $77.98 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.45 and a beta of 1.15. The company has a 50-day moving average of $328.05 and a 200-day moving average of $299.19. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the business posted $2.04 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.41 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.