Mutual Advisors LLC Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Mutual Advisors LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,716 shares of the specialty chemicals company’s stock after buying an additional 49 shares during the quarter. Mutual Advisors LLC’s holdings in Sherwin-Williams were worth $535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after buying an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $38,444,000. Machina Capital S.A.S. boosted its holdings in shares of Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 5,801 shares during the last quarter. Pearl River Capital LLC acquired a new stake in shares of Sherwin-Williams during the third quarter worth $4,517,000. Finally, Comerica Bank acquired a new stake in shares of Sherwin-Williams during the second quarter worth $27,192,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on 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 $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 over the last ninety days. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Tuesday, February 27th. The Goldman Sachs Group lifted their target price on Sherwin-Williams from $295.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Robert W. Baird reiterated a “neutral” rating and issued a $300.00 target price (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Wolfe Research initiated coverage on Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Evercore ISI lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $320.39.

Sherwin-Williams Stock Up 1.4 %

Shares of NYSE SHW opened at $346.95 on Thursday. The Sherwin-Williams Company has a 1 year low of $210.92 and a 1 year high of $347.71. The firm has a market cap of $88.28 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.53 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The stock’s 50-day simple moving average is $321.19 and its 200-day simple moving average is $289.39.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were paid a $0.715 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 30.92%.

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.