The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,228 shares of the specialty chemicals company’s stock after selling 73 shares during the quarter. Resolute Wealth Strategies LLC’s holdings in Sherwin-Williams were worth $383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams during the 3rd quarter valued at about $25,000. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the third quarter worth approximately $32,000. BluePath Capital Management LLC bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $33,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHW. Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Robert W. Baird increased their price objective 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. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Trading Up 2.2 %

Shares of SHW stock traded up $6.84 during trading hours on Friday, reaching $311.30. 2,027,799 shares of the stock traded hands, compared to its average volume of 1,681,363. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $78.93 billion, a PE ratio of 33.19, a PEG ratio of 2.50 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. The business has a fifty day moving average price of $327.00 and a 200 day moving average price of $301.05.

Sherwin-Williams (NYSE:SHW) last announced its 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 firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current 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 dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly 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 SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams 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 owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

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.