GAMMA Investing LLC Makes New $462,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

GAMMA Investing LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,517 shares of the specialty chemicals company’s stock, valued at approximately $462,000.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Sherwin-Williams in the third quarter valued at approximately $25,000. Union Savings Bank bought a new position in shares of Sherwin-Williams in the 3rd quarter worth $28,000. Lee Financial Co acquired a new stake in shares of Sherwin-Williams during the third quarter worth $32,000. BluePath Capital Management LLC acquired a new position in Sherwin-Williams in the third quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SHW. Barclays increased their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. BMO Capital Markets restated an “outperform” rating and issued a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a research report on Wednesday. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research report on Tuesday, February 27th. Finally, Robert W. Baird increased their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $333.39.

Insider Activity

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 stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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 disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 over the last quarter. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $0.67 during mid-day trading on Wednesday, reaching $301.69. 863,643 shares of the company’s stock were exchanged, compared to its average volume of 1,436,122. The firm has a market capitalization of $76.77 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. 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 business’s fifty day simple moving average is $328.40 and its two-hundred day simple moving average is $298.73.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. Analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

About Sherwin-Williams

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.