Royal Fund Management LLC Has $285,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Royal Fund Management LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 915 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Royal Fund Management LLC’s holdings in Sherwin-Williams were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. OFI Invest Asset Management bought a new position in shares of Sherwin-Williams in the third quarter valued at $25,000. Lee Financial Co bought a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $32,000. BluePath Capital Management LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $33,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the 4th quarter valued at about $36,000. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SHW shares. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Mizuho dropped their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $377.00 target price (down previously from $385.00) on shares of Sherwin-Williams in a report on Wednesday, April 24th. Finally, Robert W. Baird increased their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $341.39.

Sherwin-Williams Price Performance

NYSE:SHW traded up $6.84 during trading hours on Friday, hitting $311.30. The company’s stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The company has a market capitalization of $78.93 billion, a P/E ratio of 33.19, a PEG ratio of 2.45 and a beta of 1.18. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The stock has a fifty day simple moving average of $327.00 and a 200-day simple moving average of $301.05.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.04 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated 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 in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the 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 completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last 90 days. 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.