Bryn Mawr Capital Management LLC Has $3.36 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Bryn Mawr Capital Management LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 86.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,774 shares of the specialty chemicals company’s stock after buying an additional 4,997 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Sherwin-Williams were worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Exchange Traded Concepts LLC boosted its position in shares of Sherwin-Williams by 9,310.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 931 shares in the last quarter. Caprock Group LLC boosted its holdings in Sherwin-Williams by 6.0% in the third quarter. Caprock Group LLC now owns 3,556 shares of the specialty chemicals company’s stock worth $907,000 after acquiring an additional 201 shares in the last quarter. UMB Bank n.a. boosted its holdings in Sherwin-Williams by 3.0% in the third quarter. UMB Bank n.a. now owns 11,393 shares of the specialty chemicals company’s stock worth $2,906,000 after acquiring an additional 336 shares in the last quarter. Oak Thistle LLC bought a new position in Sherwin-Williams in the third quarter worth approximately $353,000. Finally, Czech National Bank boosted its holdings in Sherwin-Williams by 48.8% in the third quarter. Czech National Bank now owns 41,348 shares of the specialty chemicals company’s stock worth $10,546,000 after acquiring an additional 13,558 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of SHW traded up $1.64 during mid-day trading on Friday, hitting $306.45. The stock had a trading volume of 1,365,463 shares, compared to its average volume of 1,466,097. The firm has a market cap of $77.98 billion, a P/E ratio of 32.67, a PEG ratio of 2.41 and a beta of 1.15. The business has a fifty day moving average price of $328.05 and a 200-day moving average price of $299.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued 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). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price target on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research note on Tuesday, February 27th. Evercore ISI lowered their price objective on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.37.

Sherwin-Williams Company 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.