Hancock Whitney Corp Sells 733 Shares of Sherwin-Williams Co (NYSE:SHW)

Hancock Whitney Corp trimmed its stake in Sherwin-Williams Co (NYSE:SHW) by 16.2% during the 1st quarter, Holdings Channel reports. The firm owned 3,797 shares of the specialty chemicals company’s stock after selling 733 shares during the quarter. Hancock Whitney Corp’s holdings in Sherwin-Williams were worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC increased its position in shares of Sherwin-Williams by 5.8% in the fourth quarter. FMR LLC now owns 3,432,339 shares of the specialty chemicals company’s stock worth $2,002,907,000 after purchasing an additional 186,633 shares during the last quarter. Fiera Capital Corp increased its position in shares of Sherwin-Williams by 1.4% in the first quarter. Fiera Capital Corp now owns 1,624,120 shares of the specialty chemicals company’s stock worth $746,314,000 after purchasing an additional 22,437 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Sherwin-Williams by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 1,128,419 shares of the specialty chemicals company’s stock worth $656,946,000 after purchasing an additional 72,432 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sherwin-Williams by 7.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,053,779 shares of the specialty chemicals company’s stock worth $614,923,000 after purchasing an additional 69,201 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $456,140,000. Institutional investors own 78.09% of the company’s stock.

Shares of SHW stock opened at $577.30 on Friday. The stock has a fifty day moving average of $512.13 and a 200 day moving average of $546.59. Sherwin-Williams Co has a 52 week low of $325.43 and a 52 week high of $599.95. The firm has a market capitalization of $51.76 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 3.34 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 2.94.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.13. Sherwin-Williams had a return on equity of 53.04% and a net margin of 8.98%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Sherwin-Williams Co will post 19.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 21st. Sherwin-Williams’s payout ratio is 25.38%.

SHW has been the topic of a number of recent research reports. Morgan Stanley increased their price target on shares of Sherwin-Williams from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Sherwin-Williams from $530.00 to $550.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Monday, March 2nd. Deutsche Bank increased their price target on shares of Sherwin-Williams from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Bank of America cut shares of Sherwin-Williams from a “buy” rating to an “underperform” rating and reduced their price target for the company from $610.00 to $500.00 in a research report on Friday, March 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $574.39.

In other Sherwin-Williams news, COO David B. Sewell sold 5,752 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the completion of the transaction, the chief operating officer now owns 14,100 shares of the company’s stock, valued at $8,052,933. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aaron M. Erter sold 935 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $534.70, for a total value of $499,944.50. The disclosure for this sale can be found here. Insiders sold 7,595 shares of company stock valued at $4,231,947 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in 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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