Nicola Wealth Management LTD. Lowers Holdings in Sherwin-Williams Co (SHW)

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Nicola Wealth Management LTD. lowered its stake in Sherwin-Williams Co (NYSE:SHW) by 24.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,300 shares of the specialty chemicals company’s stock after selling 2,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Sherwin-Williams were worth $2,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Signaturefd LLC raised its holdings in Sherwin-Williams by 3.7% in the 1st quarter. Signaturefd LLC now owns 791 shares of the specialty chemicals company’s stock worth $341,000 after acquiring an additional 28 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Sherwin-Williams by 0.6% in the first quarter. California State Teachers Retirement System now owns 142,627 shares of the specialty chemicals company’s stock valued at $61,431,000 after purchasing an additional 815 shares during the period. Haverford Trust Co. grew its position in shares of Sherwin-Williams by 2.1% in the first quarter. Haverford Trust Co. now owns 5,185 shares of the specialty chemicals company’s stock valued at $2,233,000 after purchasing an additional 109 shares during the period. Synovus Financial Corp grew its position in shares of Sherwin-Williams by 3.0% in the first quarter. Synovus Financial Corp now owns 3,904 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 112 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of Sherwin-Williams by 7.4% in the first quarter. Wesbanco Bank Inc. now owns 725 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.

In other news, insider Robert F. Lynch sold 6,984 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the transaction, the insider now owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff M. Fettig purchased 500 shares of Sherwin-Williams stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $432.07 per share, with a total value of $216,035.00. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

Shares of SHW traded up $0.15 during midday trading on Monday, hitting $430.72. 365,300 shares of the stock traded hands, compared to its average volume of 487,064. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64. The company has a market cap of $39.76 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.56 and a current ratio of 0.96.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm posted $3.57 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that Sherwin-Williams Co will post 21.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 24.39%.

Several brokerages have recently issued reports on SHW. Wells Fargo & Co lifted their target price on shares of Sherwin-Williams from $475.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wolfe Research downgraded shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 25th. UBS Group lifted their price objective on shares of Sherwin-Williams from $448.00 to $460.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Barclays lifted their price objective on shares of Sherwin-Williams from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank lifted their price objective on shares of Sherwin-Williams from $460.00 to $490.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average price target of $480.05.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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