Court Place Advisors LLC Purchases New Position in The Sherwin-Williams Company (NYSE:SHW)

Court Place Advisors LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 675 shares of the specialty chemicals company’s stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after purchasing an additional 187,478 shares in the last quarter. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after buying an additional 2,146,102 shares during the last quarter. Morgan Stanley increased its holdings in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after buying an additional 1,747,586 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after buying an additional 73,605 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Sherwin-Williams by 13.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company’s stock worth $742,334,000 after buying an additional 321,529 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.6 %

NYSE SHW traded up $1.78 during trading hours on Wednesday, reaching $310.16. 1,522,636 shares of the company’s stock traded hands, compared to its average volume of 1,403,862. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The firm has a market cap of $78.92 billion, a PE ratio of 33.34, a PEG ratio of 2.49 and a beta of 1.15. The firm has a 50-day simple moving average of $328.69 and a 200 day simple moving average of $296.82. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 earnings per share. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a report on Tuesday, February 27th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $325.94.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction that occurred 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 directly 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 accessible through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is currently owned by company insiders.

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.