The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC grew its position in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 5.1% during the third quarter, Holdings Channel.com reports. The firm owned 4,669 shares of the specialty chemicals company’s stock after acquiring an additional 225 shares during the period. Toroso Investments LLC’s holdings in Sherwin-Williams were worth $956,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. raised its stake in Sherwin-Williams by 19.5% during the 2nd quarter. Sei Investments Co. now owns 141,937 shares of the specialty chemicals company’s stock worth $31,729,000 after acquiring an additional 23,174 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth $373,000. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Sherwin-Williams by 3.4% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,452 shares of the specialty chemicals company’s stock worth $1,731,000 after acquiring an additional 276 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Sherwin-Williams by 3.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 16,177 shares of the specialty chemicals company’s stock worth $3,312,000 after acquiring an additional 475 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Sherwin-Williams by 74.6% during the 3rd quarter. SG Americas Securities LLC now owns 14,397 shares of the specialty chemicals company’s stock worth $2,948,000 after acquiring an additional 6,150 shares in the last quarter. 76.03% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.4 %

SHW stock opened at $217.32 on Friday. The company has a market cap of $56.08 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.41 and a beta of 1.07. The Sherwin-Williams Company has a 52 week low of $195.24 and a 52 week high of $285.00. The company’s 50-day moving average price is $231.21 and its 200 day moving average price is $230.38. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 3.09.

Sherwin-Williams (NYSE:SHW – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.26 billion. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. On average, research analysts expect that The Sherwin-Williams Company will post 8.71 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were issued a dividend of $0.605 per share. The ex-dividend date was Friday, February 24th. This represents a $2.42 dividend on an annualized basis and a yield of 1.11%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.60. Sherwin-Williams’s payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Sherwin-Williams from $245.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, January 30th. Loop Capital dropped their price objective on shares of Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. StockNews.com began coverage on shares of Sherwin-Williams in a research note on Thursday. They issued a “buy” rating on the stock. UBS Group lifted their price objective on shares of Sherwin-Williams from $242.00 to $255.00 and gave the company a “neutral” rating in a research note on Wednesday, January 11th. Finally, Zelman & Associates lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $253.39.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,750 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total value of $607,090.00. Following the sale, the senior vice president now owns 7,955 shares of the company’s stock, valued at $1,756,145.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sherwin-Williams news, SVP Bryan J. Young sold 2,750 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total value of $607,090.00. Following the sale, the senior vice president now owns 7,955 shares of the company’s stock, valued at $1,756,145.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John G. Morikis purchased 2,207 shares of Sherwin-Williams stock in a transaction on Friday, January 27th. The stock was acquired at an average cost of $226.70 per share, for a total transaction of $500,326.90. Following the acquisition, the chief executive officer now directly owns 231,344 shares of the company’s stock, valued at $52,445,684.80. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

About Sherwin-Williams

(Get Rating)

The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.