McGlone Suttner Wealth Management Inc. Makes New $35,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

McGlone Suttner Wealth Management Inc. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 114 shares of the specialty chemicals company’s stock, valued at approximately $35,000.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after acquiring an additional 187,478 shares during the last quarter. State Street Corp lifted its stake in shares of Sherwin-Williams by 2.1% in the 2nd quarter. State Street Corp now owns 10,382,442 shares of the specialty chemicals company’s stock valued at $2,756,746,000 after acquiring an additional 211,790 shares during the last quarter. FMR LLC lifted its stake in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after acquiring an additional 2,146,102 shares during the last quarter. Morgan Stanley lifted its stake in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after acquiring an additional 1,747,586 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock valued at $936,902,000 after acquiring an additional 73,605 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “neutral” rating and issued a $300.00 target price (up previously from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. Wolfe Research initiated coverage on Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Finally, Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the company’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 value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of SHW opened at $347.33 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The business’s 50 day moving average price is $323.79 and its 200-day moving average price is $290.71. The Sherwin-Williams Company has a 52 week low of $211.91 and a 52 week high of $348.37. The stock has a market cap of $88.38 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.57 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued 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. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research 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 declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were given a $0.715 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s payout ratio is currently 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.