The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Port Capital LLC

Port Capital LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 85,880 shares of the specialty chemicals company’s stock after buying an additional 838 shares during the quarter. Port Capital LLC’s holdings in Sherwin-Williams were worth $29,193,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Legacy Capital Wealth Partners LLC raised its holdings in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 29 shares during the period. Apella Capital LLC lifted its holdings in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management lifted its holdings 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 acquiring an additional 30 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock valued at $388,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on 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 completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $350.99 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a market capitalization of $87.96 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The stock has a fifty day moving average of $341.35 and a 200-day moving average of $355.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the company posted $2.17 EPS. Sherwin-Williams’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Citigroup reduced their price objective on 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, JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $397.00.

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.