Oliver Lagore Vanvalin Investment Group Has $628,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Oliver Lagore Vanvalin Investment Group reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,012 shares of the specialty chemicals company’s stock after selling 145 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Sherwin-Williams were worth $628,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SHW. Vanguard Group Inc. lifted its position in Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after acquiring an additional 187,478 shares during the last quarter. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley increased its holdings in shares of Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sherwin-Williams by 1.8% during the first quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after purchasing an additional 73,605 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Sherwin-Williams by 13.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company’s stock worth $742,334,000 after purchasing an additional 321,529 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $2.16 during trading on Thursday, reaching $308.00. 585,287 shares of the company’s stock traded hands, compared to its average volume of 1,392,781. The firm’s 50-day moving average is $328.69 and its 200 day moving average is $296.92. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $78.37 billion, a P/E ratio of 33.53, a PEG ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37.

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

Sherwin-Williams Dividend Announcement

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 $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is 30.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports 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 note on Friday, January 26th. Evercore ISI cut their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Barclays lifted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Mizuho decreased their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Transactions at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the 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 transaction, the insider now 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 SEC, which is available through the SEC website. 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 transaction of $529,653.81. Following the sale, the insider now 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was 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 in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 in the last quarter. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.