Hudson Valley Investment Advisors Inc. ADV Has $6.60 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Hudson Valley Investment Advisors Inc. ADV lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,427 shares of the specialty chemicals company’s stock after selling 634 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Sherwin-Williams were worth $6,604,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Fulton Bank N.A. grew its position in Sherwin-Williams by 7.0% in the 4th quarter. Fulton Bank N.A. now owns 9,776 shares of the specialty chemicals company’s stock valued at $3,323,000 after purchasing an additional 643 shares during the period. Park National Corp OH grew its holdings in shares of Sherwin-Williams by 15.9% during the fourth quarter. Park National Corp OH now owns 6,797 shares of the specialty chemicals company’s stock valued at $2,311,000 after buying an additional 932 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of Sherwin-Williams by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 5,033 shares of the specialty chemicals company’s stock worth $1,711,000 after acquiring an additional 125 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of Sherwin-Williams by 37.5% in the 4th quarter. Pensionfund Sabic now owns 5,500 shares of the specialty chemicals company’s stock worth $1,870,000 after acquiring an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 17.6% in the 4th quarter. GAMMA Investing LLC now owns 3,913 shares of the specialty chemicals company’s stock worth $1,330,000 after acquiring an additional 586 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Barclays upped their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Morgan Stanley raised their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $337.31 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a fifty day simple moving average of $367.88 and a two-hundred day simple moving average of $357.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a market cap of $84.95 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company earned $3.20 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.49%.

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.