The Sherwin-Williams Company (NYSE:SHW) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,772 shares of the specialty chemicals company’s stock after acquiring an additional 95 shares during the period. SRS Capital Advisors Inc.’s holdings in Sherwin-Williams were worth $1,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Sherwin-Williams by 9,310.0% in the third quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 931 shares in the last quarter. Brookstone Capital Management grew its stake in Sherwin-Williams by 44.5% during the 3rd quarter. Brookstone Capital Management now owns 5,711 shares of the specialty chemicals company’s stock worth $1,364,000 after purchasing an additional 1,760 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Sherwin-Williams by 84.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,880 shares of the specialty chemicals company’s stock worth $11,957,000 after purchasing an additional 21,531 shares during the period. Pinnacle Associates Ltd. raised its position in Sherwin-Williams by 11.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,722 shares of the specialty chemicals company’s stock valued at $694,000 after purchasing an additional 284 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Sherwin-Williams by 0.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,873 shares of the specialty chemicals company’s stock valued at $31,339,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the 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 sale, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,050 shares of company stock valued at $10,340,237. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHW. Mizuho cut their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $2.07 on Thursday, reaching $305.41. 864,918 shares of the company were exchanged, compared to its average volume of 1,472,802. The company has a 50-day moving average of $327.54 and a 200-day moving average of $300.61. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The firm has a market cap of $77.71 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18. 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 issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. 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 presently 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.