GC Wealth Management RIA LLC Sells 168 Shares of The Sherwin-Williams Company (NYSE:SHW)

GC Wealth Management RIA LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,423 shares of the specialty chemicals company’s stock after selling 168 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Sherwin-Williams were worth $484,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SHW. FMR LLC boosted its stake in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after acquiring an additional 999,164 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $230,829,000. Proficio Capital Partners LLC boosted its stake in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after acquiring an additional 478,320 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after acquiring an additional 308,921 shares in the last quarter. Finally, Canoe Financial LP boosted its stake in shares of Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after acquiring an additional 286,791 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SHW shares. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.13.

Sherwin-Williams Trading Down 1.1 %

Shares of SHW opened at $353.78 on Wednesday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a 50 day simple moving average of $353.36 and a 200-day simple moving average of $365.96. The stock has a market cap of $88.98 billion, a PE ratio of 33.53, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the business posted $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

About Sherwin-Williams

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.