O Brien Greene & Co. Inc Has $745,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

O Brien Greene & Co. Inc trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,388 shares of the specialty chemicals company’s stock after selling 50 shares during the period. O Brien Greene & Co. Inc’s holdings in Sherwin-Williams were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Sherwin-Williams by 16.2% during 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 purchasing an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $38,444,000. Machina Capital S.A.S. lifted its holdings in Sherwin-Williams by 149.0% during 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 purchasing an additional 5,801 shares during the last quarter. AIA Group Ltd lifted its holdings 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 worth $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $4,517,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SHW. Wells Fargo & Company raised their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $337.37.

Sherwin-Williams Stock Up 0.5 %

Shares of SHW opened at $306.45 on Friday. The company has a market capitalization of $77.98 billion, a PE ratio of 32.67, a PEG ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The stock’s 50-day moving average price is $328.05 and its two-hundred day moving average price is $299.19. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32.

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

Sherwin-Williams Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.