The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Forte Capital LLC ADV

Forte Capital LLC ADV grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the specialty chemicals company’s stock after purchasing an additional 275 shares during the period. Forte Capital LLC ADV’s holdings in Sherwin-Williams were worth $836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams during the third quarter worth about $25,000. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $32,000. BluePath Capital Management LLC purchased a new stake in Sherwin-Williams during the third quarter valued at about $33,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $6.84 during midday trading on Friday, hitting $311.30. The company’s stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock’s 50-day moving average price is $327.00 and its 200-day moving average price is $301.05. The company has a market capitalization of $78.93 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the business posted $2.04 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insiders Place Their Bets

In other news, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at $9,187,743.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHW shares. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Mizuho reduced their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $341.39.

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.