TAP Consulting LLC Has $2.50 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

TAP Consulting LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,018 shares of the specialty chemicals company’s stock after selling 77 shares during the period. TAP Consulting LLC’s holdings in Sherwin-Williams were worth $2,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. OFI Invest Asset Management bought a new stake in Sherwin-Williams during the third quarter worth about $25,000. Union Savings Bank bought a new position in shares of Sherwin-Williams in the third quarter valued at $28,000. Lee Financial Co acquired a new position in Sherwin-Williams during the third quarter worth $32,000. BluePath Capital Management LLC bought a new stake in Sherwin-Williams during the third quarter worth $33,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at $35,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHW shares. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Tuesday, February 27th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $337.37.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock valued at $10,340,237. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.4 %

Shares of NYSE SHW traded up $1.07 during trading on Thursday, hitting $304.80. The stock had a trading volume of 2,004,847 shares, compared to its average volume of 1,461,671. The firm has a fifty day moving average of $328.10 and a two-hundred day moving average of $298.81. The company has a market capitalization of $77.56 billion, a PE ratio of 32.49, a PEG ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.94%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Sherwin-Williams 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.