The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Increased by Waverly Advisors LLC

Waverly Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 124.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,754 shares of the specialty chemicals company’s stock after buying an additional 1,525 shares during the quarter. Waverly Advisors LLC’s holdings in Sherwin-Williams were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Voleon Capital Management LP acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $2,011,000. Merit Financial Group LLC raised its holdings in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares in the last quarter. Kerusso Capital Management LLC boosted its position in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock valued at $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $169,000. Finally, Jamison Private Wealth Management Inc. increased its position in Sherwin-Williams by 58.5% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 3,307 shares of the specialty chemicals company’s stock worth $1,124,000 after purchasing an additional 1,220 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $352.78 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company’s fifty day moving average price is $342.98 and its 200 day moving average price is $354.87. The company has a market capitalization of $88.41 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.17 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group reduced their price target on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 7th. Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Jefferies Financial Group restated a “hold” rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Company 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.