Ticino Wealth Buys New Stake in The Sherwin-Williams Company $SHW

Ticino Wealth purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,469 shares of the specialty chemicals company’s stock, valued at approximately $476,000.

Several other large investors also recently bought and sold shares of the stock. Lodestone Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC increased its holdings in shares of Sherwin-Williams by 96.0% in the 3rd 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 during the period. True Wealth Design LLC raised its position 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 valued at $37,000 after purchasing an additional 61 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Sherwin-Williams during the 3rd quarter worth $42,000. Finally, Barnes Dennig Private Wealth Management LLC grew its position in Sherwin-Williams by 42.4% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction dated 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 directly owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SHW shares. Citigroup lowered their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Royal Bank Of Canada dropped their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. UBS Group lowered their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $379.77.

Sherwin-Williams Stock Down 0.3%

SHW stock opened at $342.97 on Tuesday. The company has a market cap of $84.84 billion, a P/E ratio of 33.47, a P/E/G ratio of 3.00 and a beta of 1.27. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The company’s 50-day moving average price is $337.04 and its 200 day moving average price is $338.43. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the previous year, the company earned $2.09 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 11.89 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a $0.80 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.

Sherwin-Williams 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.