The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 102.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,847 shares of the specialty chemicals company’s stock after acquiring an additional 10,020 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sherwin-Williams were worth $6,747,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC raised its stake in Sherwin-Williams by 2.9% in 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 purchasing an additional 29 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position 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 worth $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management grew its stake in Sherwin-Williams by 2.4% in the 4th 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 period. Finally, Rosenberg Matthew Hamilton raised its holdings in Sherwin-Williams by 7.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock valued at $149,000 after acquiring an additional 31 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $392.50.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $333.03 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 12 month low of $282.09 and a 12 month high of $400.42. The company’s fifty day moving average price is $344.78 and its two-hundred day moving average price is $358.66. The firm has a market capitalization of $83.76 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the business posted $1.81 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Insider Buying and Selling at Sherwin-Williams

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

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.