Cary Street Partners Financial LLC Acquires New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Cary Street Partners Financial LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, Holdings Channel reports. The firm purchased 973 shares of the specialty chemicals company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams during the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $36,000. WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $41,000. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other 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 transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 0.5 %

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 firm has a market capitalization of $88.17 billion, a P/E ratio of 33.35, a PEG ratio of 2.98 and a beta of 1.25. The business has a fifty day simple moving average of $341.81 and a 200 day simple moving average of $355.36. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Morgan Stanley cut their target price 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. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $397.00.

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.