Strategic Wealth Partners Ltd. Acquires 57 Shares of The Sherwin-Williams Company (NYSE:SHW)

Strategic Wealth Partners Ltd. increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,424 shares of the specialty chemicals company’s stock after purchasing an additional 57 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Sherwin-Williams were worth $514,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Legacy Capital Wealth Partners LLC increased its position in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 29 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its position in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in Sherwin-Williams by 2.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,338 shares of the specialty chemicals company’s stock worth $455,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. UBS Group cut their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Stock Up 0.5%

Shares of Sherwin-Williams stock opened at $363.22 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm’s 50-day moving average is $341.61 and its two-hundred day moving average is $355.15. The stock has a market cap of $91.02 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $5.42 billion. During the same period in the prior year, the business earned $2.17 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share 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. Shareholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s payout ratio is 29.87%.

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.