Wetzel Investment Advisors Inc. Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Wetzel Investment Advisors Inc. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 114 shares of the specialty chemicals company’s stock, valued at approximately $36,000.

Several other large investors have also recently added to or reduced their stakes in SHW. First Hawaiian Bank grew its holdings in Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares during the period. Tsfg LLC boosted its position in shares of Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares during the last quarter. Ellsworth Advisors LLC grew its stake in shares of Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 38 shares during the last quarter. Finally, Midwest Financial Group LLC lifted its stake in Sherwin-Williams by 1.6% in the third quarter. Midwest Financial Group LLC now owns 2,540 shares of the specialty chemicals company’s stock valued at $648,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho decreased their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a report on Tuesday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Citigroup lifted their price target on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Robert W. Baird restated a “neutral” rating and issued a $300.00 price objective (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $325.94.

Sherwin-Williams Trading Down 1.1 %

NYSE SHW opened at $305.96 on Monday. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. 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 moving average price is $328.52 and its two-hundred day moving average price is $298.00. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.42 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $1.89 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio is 30.92%.

Sherwin-Williams 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.