821 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Simmons Bank

Simmons Bank acquired a new stake 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 firm acquired 821 shares of the specialty chemicals company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $35,000. Wetzel Investment Advisors Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $36,000. Lee Financial Co bought a new position in Sherwin-Williams in the third quarter valued at $32,000. Finally, Tompkins Financial Corp grew its holdings in shares of Sherwin-Williams by 1,533.3% in the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Barclays boosted their target price 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. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 25th. BMO Capital Markets reissued an “outperform” rating and issued a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a report on Wednesday, April 24th. Finally, Citigroup lowered their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $341.39.

Sherwin-Williams Price Performance

SHW stock traded down $0.51 during trading on Wednesday, reaching $318.24. 630,052 shares of the company were exchanged, compared to its average volume of 1,481,458. The company has a 50-day moving average of $326.67 and a two-hundred day moving average of $302.91. The company has a market capitalization of $80.69 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $2.04 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.43 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 0.90%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams 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 transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 in the last quarter. 0.60% of the stock is owned by insiders.

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.