Demming Financial Services Corp ADV Makes New Investment in The Sherwin-Williams Company $SHW

Demming Financial Services Corp ADV purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,280 shares of the specialty chemicals company’s stock, valued at approximately $1,063,000. Sherwin-Williams makes up approximately 0.8% of Demming Financial Services Corp ADV’s investment portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the second quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC grew its position in 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 worth $30,000 after buying an additional 44 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in Sherwin-Williams during the 4th quarter worth $30,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.6%

Shares of Sherwin-Williams stock opened at $319.62 on Monday. The stock has a market capitalization of $79.06 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.77 and a beta of 1.25. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. 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 stock’s 50-day simple moving average is $352.08 and its 200 day simple moving average is $344.21.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was 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 owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Mizuho upped their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a report on Wednesday, January 7th. Finally, UBS Group set a $420.00 price objective on Sherwin-Williams in a 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $388.21.

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.