The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,283 shares of the specialty chemicals company’s stock after purchasing an additional 133 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Sherwin-Williams were worth $1,024,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Wolfe Research began coverage on Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, 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 note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $341.39.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value 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 $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last three months, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 2.2 %

NYSE:SHW traded up $6.84 on Friday, reaching $311.30. 2,027,799 shares of the stock traded hands, compared to its average volume of 1,681,363. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. 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 company’s 50 day moving average is $327.00 and its 200-day moving average is $301.80. The firm has a market capitalization of $78.93 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted 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 during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 yield of 0.92%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.