SteelPeak Wealth LLC Purchases Shares of 1,442 The Sherwin-Williams Company (NYSE:SHW)

SteelPeak Wealth LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,442 shares of the specialty chemicals company’s stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $25,000. Union Savings Bank acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $28,000. Providence Capital Advisors LLC raised its holdings in Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 6,728 shares during the period. Lee Financial Co purchased a new stake in Sherwin-Williams during the third quarter valued at about $32,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

SHW opened at $331.85 on Friday. 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 company has a market cap of $84.44 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15. The stock has a 50-day moving average of $326.15 and a 200-day moving average of $292.57. The Sherwin-Williams Company has a 52-week low of $220.22 and a 52-week high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (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 during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were given a dividend of $0.715 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 0.86%. Sherwin-Williams’s payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHW shares. The Goldman Sachs Group raised their price objective on shares of Sherwin-Williams from $295.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research note on Tuesday, February 27th. Argus lifted their target price on Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $320.39.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the business’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 completion of 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 is available through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 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.

About Sherwin-Williams

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.