Eads & Heald Wealth Management Has $2.39 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Eads & Heald Wealth Management reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,665 shares of the specialty chemicals company’s stock after selling 150 shares during the period. Sherwin-Williams comprises 1.2% of Eads & Heald Wealth Management’s holdings, making the stock its 28th largest position. Eads & Heald Wealth Management’s holdings in Sherwin-Williams were worth $2,391,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after buying an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $38,444,000. Machina Capital S.A.S. grew its stake in shares of Sherwin-Williams by 149.0% in the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 5,801 shares during the period. Pearl River Capital LLC bought a new stake in shares of Sherwin-Williams in the third quarter worth approximately $4,517,000. Finally, Trust Point Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $403,000. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction 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 directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.50, for a total value of $867,525.00. Following the completion of the transaction, the insider now owns 12,941 shares in the company, valued at approximately $4,173,472.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last three months. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. Argus raised their price objective on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, Royal Bank of Canada cut their price objective on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

Sherwin-Williams Stock Down 1.3 %

Shares of Sherwin-Williams stock traded down $4.28 on Monday, hitting $313.97. 1,739,833 shares of the company’s stock traded hands, compared to its average volume of 1,401,684. The stock has a market cap of $79.89 billion, a P/E ratio of 34.44, a PEG ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The firm’s 50-day moving average is $328.49 and its 200 day moving average is $296.04. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 annualized dividend and a yield of 0.91%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.92%.

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.