Strategic Global Advisors LLC Acquires 213 Shares of The Sherwin-Williams Company (NYSE:SHW)

Strategic Global Advisors LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,371 shares of the specialty chemicals company’s stock after purchasing an additional 213 shares during the quarter. Strategic Global Advisors LLC’s holdings in Sherwin-Williams were worth $1,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Voleon Capital Management LP bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $2,011,000. Merit Financial Group LLC grew its stake in shares of Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after acquiring an additional 2,303 shares in the last quarter. Kerusso Capital Management LLC raised its position in shares of Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Canoe Financial LP boosted its stake in Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after purchasing an additional 286,791 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.5%

NYSE:SHW opened at $363.22 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business has a fifty day moving average price of $341.61 and a 200-day moving average price of $355.17. The firm has a market capitalization of $91.02 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams’s payout ratio is currently 29.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on SHW. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group restated a “hold” rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Morgan Stanley dropped their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $397.00.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

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.