Glassman Wealth Services Buys 43 Shares of The Sherwin-Williams Company (NYSE:SHW)

Glassman Wealth Services raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 692 shares of the specialty chemicals company’s stock after acquiring an additional 43 shares during the quarter. Glassman Wealth Services’ holdings in Sherwin-Williams were worth $216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. First United Bank & Trust bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $31,000. Lee Financial Co acquired a new stake in shares of Sherwin-Williams in the third quarter valued at $32,000. Tortoise Investment Management LLC increased its stake in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $36,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on SHW shares. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Barclays raised their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. Evercore ISI lifted their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Robert W. Baird lifted their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Sherwin-Williams Stock Up 0.6 %

Shares of SHW traded up $1.75 on Friday, hitting $304.84. The company’s stock had a trading volume of 1,011,191 shares, compared to its average volume of 1,549,539. 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 firm’s fifty day moving average price is $320.47 and its 200-day moving average price is $308.97. The Sherwin-Williams Company has a fifty-two week low of $223.28 and a fifty-two week high of $348.37. The firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.45 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) 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 business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Sherwin-Williams’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts expect 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 given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, 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 sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders sold a total of 27,771 shares of company stock valued at $8,985,497 in the last quarter. 0.60% of the stock is currently owned by insiders.

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.