Greenleaf Trust Sells 170 Shares of The Sherwin-Williams Company (NYSE:SHW)

Greenleaf Trust decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,573 shares of the specialty chemicals company’s stock after selling 170 shares during the period. Greenleaf Trust’s holdings in Sherwin-Williams were worth $6,417,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $28,000. Providence Capital Advisors LLC boosted its holdings in Sherwin-Williams by 44,853.3% in the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 6,728 shares during the period. Lee Financial Co bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $32,000. Finally, BluePath Capital Management LLC bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a report on Tuesday, February 27th. Citigroup raised their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One research 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. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $325.94.

Sherwin-Williams Trading Down 1.1 %

Shares of Sherwin-Williams stock traded down $3.42 during trading on Friday, reaching $305.96. The company’s stock had a trading volume of 1,560,671 shares, compared to its average volume of 1,402,321. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The company has a market cap of $77.85 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.46 and a beta of 1.15. The firm’s 50-day moving average is $328.64 and its two-hundred day moving average is $297.00. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the company earned $1.89 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Insider Activity

In other news, insider Justin T. Binns sold 1,563 shares of the company’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 sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction 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 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. Corporate 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.