Brighton Jones LLC Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Brighton Jones LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,052 shares of the specialty chemicals company’s stock after buying an additional 80 shares during the quarter. Brighton Jones LLC’s holdings in Sherwin-Williams were worth $328,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SHW. First Hawaiian Bank raised its stake in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after buying an additional 34 shares in the last quarter. Tsfg LLC raised its position in shares of Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares in the last quarter. Ellsworth Advisors LLC lifted its stake in shares of Sherwin-Williams by 0.9% in the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 36 shares during the period. Arthur M. Cohen & Associates LLC boosted its position in shares of Sherwin-Williams by 4.7% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 38 shares in the last quarter. Finally, Montag A & Associates Inc. grew its stake in Sherwin-Williams by 2.2% in the third quarter. Montag A & Associates Inc. now owns 1,825 shares of the specialty chemicals company’s stock worth $465,000 after purchasing an additional 40 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 2.2 %

Shares of Sherwin-Williams stock opened at $311.30 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.18. The company’s 50 day moving average is $327.22 and its 200 day moving average is $300.64.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the company earned $2.04 earnings per share. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity

In related news, insider Todd D. Rea sold 2,449 shares of the business’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 transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd D. Rea sold 2,449 shares of the business’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 transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last quarter. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHW shares. Seaport Res Ptn lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Wolfe Research started coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Evercore ISI dropped their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $341.39.

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.