The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,339,419 shares of the specialty chemicals company’s stock after buying an additional 31,217 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.52% of Sherwin-Williams worth $417,765,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHW. First Hawaiian Bank grew its position in shares of Sherwin-Williams by 0.5% in the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares in the last quarter. Tsfg LLC increased its stake in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 34 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in shares of Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in shares of Sherwin-Williams by 4.7% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 38 shares during the period. Finally, Alpha Cubed Investments LLC lifted its position in shares of Sherwin-Williams by 3.6% in the 4th quarter. Alpha Cubed Investments LLC now owns 1,105 shares of the specialty chemicals company’s stock worth $345,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $3.76 during mid-day trading on Tuesday, hitting $318.75. 1,776,441 shares of the stock traded hands, compared to its average volume of 1,491,588. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market cap of $80.82 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company’s 50-day simple moving average is $326.67 and its 200-day simple moving average is $302.91. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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 is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on SHW. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Barclays boosted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, BMO Capital Markets restated an “outperform” rating and set a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $341.39.

Insider Buying and Selling at Sherwin-Williams

In other news, 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 transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s 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 completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the company’s 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 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. Corporate insiders own 0.60% of the company’s stock.

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.