Arnhold LLC Has $672,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Arnhold LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 36.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,154 shares of the specialty chemicals company’s stock after selling 1,248 shares during the quarter. Arnhold LLC’s holdings in Sherwin-Williams were worth $672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Sherwin-Williams by 16.2% during the third 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 buying an additional 6,639 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Sherwin-Williams during the fourth quarter worth about $38,444,000. Machina Capital S.A.S. grew its position in Sherwin-Williams by 149.0% during the third 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 in the last quarter. AIA Group Ltd grew its position in Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after buying an additional 2,810 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Sherwin-Williams during the third quarter worth about $4,517,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHW. Robert W. Baird lifted their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 25th. Finally, UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $312.00 to $402.00 in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $341.39.

Sherwin-Williams Trading Down 2.1 %

SHW stock traded down $6.49 during trading on Tuesday, hitting $299.60. The company had a trading volume of 1,779,401 shares, compared to its average volume of 1,474,726. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm has a 50-day moving average price of $327.76 and a 200-day moving average price of $300.59. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The stock has a market cap of $76.24 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.46 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm earned $2.04 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, 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 completion of the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Justin T. Binns sold 1,563 shares of the business’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 owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

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.