Fayez Sarofim & Co Buys 4,000 Shares of The Sherwin-Williams Company $SHW

Fayez Sarofim & Co increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 670,046 shares of the specialty chemicals company’s stock after buying an additional 4,000 shares during the quarter. Fayez Sarofim & Co’s holdings in Sherwin-Williams were worth $232,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. MTM Investment Management LLC bought a new stake in Sherwin-Williams in the second quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $36,000. Finally, True Wealth Design LLC boosted its stake in Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SHW. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Mizuho upped their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Price Performance

NYSE SHW opened at $319.62 on Monday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The stock has a 50-day moving average of $352.08 and a 200 day moving average of $344.21. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The company has a market capitalization of $79.06 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.77 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s payout ratio is currently 31.16%.

Insider Activity at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction 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 approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.