675 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Court Place Advisors LLC

Court Place Advisors LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 675 shares of the specialty chemicals company’s stock, valued at approximately $211,000.

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

Sherwin-Williams Trading Up 0.6 %

Shares of NYSE SHW traded up $1.78 during trading on Wednesday, hitting $310.16. 1,522,636 shares of the company were exchanged, compared to its average volume of 1,403,862. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month 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 company has a fifty day moving average price of $328.69 and a 200-day moving average price of $296.82. The firm has a market capitalization of $78.92 billion, a PE ratio of 33.34, a P/E/G ratio of 2.49 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of analyst reports. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Mizuho dropped their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Argus lifted their price target on shares of Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Barclays lifted 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 note on Monday, January 29th. Finally, Wolfe Research initiated coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $325.94.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were 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 approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were 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 approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated 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 owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

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.