The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Gen Wealth Partners Inc

Gen Wealth Partners Inc increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 134.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,218 shares of the specialty chemicals company’s stock after acquiring an additional 2,988 shares during the period. Sherwin-Williams makes up 0.8% of Gen Wealth Partners Inc’s investment portfolio, making the stock its 25th largest position. Gen Wealth Partners Inc’s holdings in Sherwin-Williams were worth $1,774,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SHW. Voleon Capital Management LP purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $2,011,000. Merit Financial Group LLC increased its stake in Sherwin-Williams by 80.0% during 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 raised its holdings in shares of Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after purchasing an additional 2,303 shares during the period. Burney Co. lifted its stake in shares of Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after purchasing an additional 766 shares in the last quarter. Finally, Kerusso Capital Management LLC grew its holdings in shares of Sherwin-Williams by 75.9% during 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 period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SHW shares. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Barclays lowered their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.00.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $351.84 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $88.17 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The business has a 50 day simple moving average of $341.81 and a 200-day simple moving average of $355.36.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm earned $2.17 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

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.