Kovitz Investment Group Partners LLC Sells 552 Shares of The Sherwin-Williams Company (NYSE:SHW)

Kovitz Investment Group Partners LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 66.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 279 shares of the specialty chemicals company’s stock after selling 552 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Sherwin-Williams were worth $205,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Amplius Wealth Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at $25,000. Concord Wealth Partners grew its holdings in shares of Sherwin-Williams by 137.5% during the 4th quarter. Concord Wealth Partners now owns 76 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 44 shares during the last quarter. Bell Investment Advisors Inc bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at $25,000. Arlington Partners LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at $35,000. Finally, Sterling Investment Advisors Ltd. bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at $30,000. 76.74% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Allen J. Mistysyn acquired 1,000 shares of Sherwin-Williams stock in a transaction on Thursday, February 24th. The stock was acquired at an average cost of $253.91 per share, for a total transaction of $253,910.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John G. Morikis acquired 2,000 shares of Sherwin-Williams stock in a transaction on Friday, February 25th. The shares were purchased at an average price of $259.55 per share, with a total value of $519,100.00. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Several brokerages have weighed in on SHW. Bank of America raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and dropped their price target for the company from $325.00 to $296.00 in a research report on Tuesday, March 22nd. Northcoast Research cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 4th. Mizuho dropped their price target on shares of Sherwin-Williams from $353.00 to $350.00 in a research report on Friday, January 28th. TheStreet cut shares of Sherwin-Williams from a “b” rating to a “c+” rating in a research report on Monday, February 28th. Finally, Morgan Stanley increased their price target on shares of Sherwin-Williams from $345.00 to $375.00 and gave the company an “overweight” rating in a research report on Tuesday, January 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $325.26.

Shares of Sherwin-Williams stock traded up $6.79 during trading on Tuesday, hitting $252.96. The company’s stock had a trading volume of 13,703 shares, compared to its average volume of 1,620,865. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.55 and a current ratio of 0.88. The company has a fifty day simple moving average of $256.26 and a two-hundred day simple moving average of $296.52. The company has a market capitalization of $65.91 billion, a PE ratio of 35.71, a P/E/G ratio of 2.07 and a beta of 1.15. The Sherwin-Williams Company has a 52 week low of $233.32 and a 52 week high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The specialty chemicals company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.01). The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.76 billion. Sherwin-Williams had a return on equity of 78.98% and a net margin of 9.35%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. As a group, analysts predict that The Sherwin-Williams Company will post 9.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Monday, February 28th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.95%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, February 25th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 34.48%.

Sherwin-Williams Profile (Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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