Graypoint LLC Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Graypoint LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 38.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,102 shares of the specialty chemicals company’s stock after purchasing an additional 305 shares during the period. Graypoint LLC’s holdings in Sherwin-Williams were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. OFI Invest Asset Management acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $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 lifted its stake in shares of Sherwin-Williams by 44,853.3% in the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 6,728 shares during the period. Lee Financial Co acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $32,000. Finally, BluePath Capital Management LLC acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.50, for a total value of $867,525.00. Following the transaction, the insider now directly owns 12,941 shares in the company, valued at $4,173,472.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Down 0.5 %

Shares of SHW opened at $318.25 on Monday. The stock has a market capitalization of $80.98 billion, a PE ratio of 34.41, a P/E/G ratio of 2.52 and a beta of 1.15. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. 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’s 50-day simple moving average is $328.49 and its 200-day simple moving average is $296.04.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. 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. Investors of record on Monday, February 26th were issued a $0.715 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, February 23rd. This represents a $2.86 annualized dividend and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. Evercore ISI boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Barclays boosted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Mizuho cut their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.50.

Sherwin-Williams Company 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.