Eos Management L.P. Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Eos Management L.P. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,261 shares of the specialty chemicals company’s stock after purchasing an additional 2,909 shares during the period. Sherwin-Williams comprises approximately 1.9% of Eos Management L.P.’s portfolio, making the stock its 16th biggest holding. Eos Management L.P.’s holdings in Sherwin-Williams were worth $4,945,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SHW. Lodestone Wealth Management LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $31,000. Rossby Financial LCC lifted its stake in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. True Wealth Design LLC lifted its stake in Sherwin-Williams by 129.8% in the third 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. purchased a new stake in shares of Sherwin-Williams during the third quarter worth $42,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Sherwin-Williams by 42.4% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the firm’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 transaction, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHW. UBS Group dropped their target price on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Bank of America lowered their price objective on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Mizuho lowered their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $379.08.

Sherwin-Williams Trading Up 0.0%

Shares of SHW stock opened at $334.74 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a 52-week low of $301.58 and a 52-week high of $379.65. The company has a market capitalization of $82.80 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.91 and a beta of 1.27. The business’s fifty day moving average is $335.79 and its 200 day moving average is $338.31.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the business posted $2.09 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.84 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.