Atlantic Union Bankshares Corp Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Atlantic Union Bankshares Corp acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 779 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Roundview Capital LLC raised its position in shares of Sherwin-Williams by 8.1% during the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock valued at $2,013,000 after buying an additional 607 shares during the last quarter. Cibc World Market Inc. raised its position in shares of Sherwin-Williams by 189.1% during the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after buying an additional 6,808 shares during the last quarter. Sei Investments Co. increased its stake in Sherwin-Williams by 26.5% in the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after acquiring an additional 24,884 shares during the period. Prudential PLC bought a new stake in Sherwin-Williams in the first quarter valued at about $1,231,000. Finally, Cetera Investment Advisers increased its stake in Sherwin-Williams by 2.6% in the first quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock valued at $2,842,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $0.44 during midday trading on Friday, hitting $347.33. 995,098 shares of the company were exchanged, compared to its average volume of 1,240,186. The firm has a market capitalization of $88.38 billion, a P/E ratio of 37.55, a PEG ratio of 2.57 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The firm’s 50 day moving average price is $322.93 and its two-hundred day moving average price is $290.19. The Sherwin-Williams Company has a 52 week low of $211.91 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, February 23rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s dividend payout ratio is 30.92%.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHW. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. The Goldman Sachs Group upped their price objective on shares of Sherwin-Williams from $295.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Finally, Argus upped their price objective on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $320.39.

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.