Cresset Asset Management LLC Buys 6,108 Shares of The Sherwin-Williams Company $SHW

Cresset Asset Management LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 27.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 28,709 shares of the specialty chemicals company’s stock after purchasing an additional 6,108 shares during the quarter. Cresset Asset Management LLC’s holdings in Sherwin-Williams were worth $9,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Modera Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 29 shares during the last quarter. Richard W. Paul & Associates LLC lifted its holdings in Sherwin-Williams by 1.6% in the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after buying an additional 30 shares during the period. 17 Capital Partners LLC boosted its position in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after acquiring an additional 31 shares during the last quarter. Alpine Bank Wealth Management grew its holdings in Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after acquiring an additional 31 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Sherwin-Williams by 1.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent analyst reports. UBS Group set a $420.00 price objective on Sherwin-Williams in a research note on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.67.

Sherwin-Williams Stock Performance

NYSE SHW opened at $335.32 on Friday. The company has a market cap of $82.94 billion, a P/E ratio of 32.65, a PEG ratio of 3.01 and a beta of 1.25. The company has a fifty day simple moving average of $352.08 and a 200 day simple moving average of $346.23. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $2.09 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

Insider Buying and Selling

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.