Everpar Advisors LLC Purchases Shares of 3,747 The Sherwin-Williams Company (NYSE:SHW)

Everpar Advisors LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,747 shares of the specialty chemicals company’s stock, valued at approximately $1,169,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Sherwin-Williams during the third quarter valued at $25,000. Lee Financial Co purchased a new position in Sherwin-Williams in the third quarter worth about $32,000. BluePath Capital Management LLC bought a new stake in Sherwin-Williams during the third quarter worth approximately $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $36,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $0.27 during trading hours on Wednesday, hitting $319.02. The company’s stock had a trading volume of 933,215 shares, compared to its average volume of 1,485,314. The stock has a market cap of $80.89 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a 50 day moving average of $326.67 and a 200 day moving average of $302.91. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams’s payout ratio is 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s 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 completion of the sale, 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. Over the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SHW shares. Northcoast Research upgraded 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. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Mizuho cut their price target 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. Robert W. Baird boosted their target price on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI decreased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.39.

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.