Team Hewins LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Team Hewins LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,795 shares of the specialty chemicals company’s stock, valued at approximately $560,000.

A number of other large investors have also recently made changes to their positions in the stock. Duality Advisers LP purchased a new position in shares of Sherwin-Williams in the third quarter worth $299,000. Syon Capital LLC purchased a new stake in shares of Sherwin-Williams during the third quarter valued at about $274,000. NBC Securities Inc. purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at approximately $293,000. Pinnacle Financial Partners Inc raised its position in shares of Sherwin-Williams by 246.0% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 23,890 shares of the specialty chemicals company’s stock valued at $6,093,000 after purchasing an additional 16,985 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Sherwin-Williams by 3.8% in the 3rd quarter. Ieq Capital LLC now owns 8,431 shares of the specialty chemicals company’s stock worth $2,150,000 after buying an additional 312 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 2,690 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,173,472.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 27,771 shares of company stock valued at $8,985,497 over the last three months. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Mizuho decreased their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Barclays boosted their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Evercore ISI lifted their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $340.56.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $1.77 during midday trading on Friday, reaching $304.86. 619,529 shares of the company traded hands, compared to its average volume of 1,469,630. The Sherwin-Williams Company has a twelve month low of $223.28 and a twelve month high of $348.37. The firm has a market capitalization of $77.30 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The company has a fifty day moving average price of $321.06 and a 200 day moving average price of $308.20.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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). The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Sherwin-Williams 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.