The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 63.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,764 shares of the specialty chemicals company’s stock after buying an additional 688 shares during the quarter. Syon Capital LLC’s holdings in Sherwin-Williams were worth $550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in Sherwin-Williams by 9,310.0% during the third quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 931 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $353,000. Asset Management One Co. Ltd. grew its stake in Sherwin-Williams by 4.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 107,247 shares of the specialty chemicals company’s stock valued at $27,353,000 after acquiring an additional 4,496 shares during the period. Handelsbanken Fonder AB increased its holdings in Sherwin-Williams by 5.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 68,044 shares of the specialty chemicals company’s stock worth $17,355,000 after acquiring an additional 3,708 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its position in Sherwin-Williams by 1.6% during the third quarter. Connecticut Wealth Management LLC now owns 2,696 shares of the specialty chemicals company’s stock worth $688,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHW. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Citigroup decreased their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird raised their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $337.37.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $306.45 on Friday. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The firm has a 50 day moving average of $328.05 and a two-hundred day moving average of $299.19. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $77.98 billion, a PE ratio of 32.67, a P/E/G ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts predict that The Sherwin-Williams Company will post 11.41 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insider Transactions at Sherwin-Williams

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 transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams 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 sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

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.