Wrapmanager Inc. Has $286,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Wrapmanager Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 917 shares of the specialty chemicals company’s stock after selling 50 shares during the quarter. Wrapmanager Inc.’s holdings in Sherwin-Williams were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. OFI Invest Asset Management bought a new stake in Sherwin-Williams in the 3rd quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $35,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $36,000. Lee Financial Co acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. Finally, Tompkins Financial Corp raised its holdings in Sherwin-Williams by 1,533.3% in the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays boosted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Citigroup dropped their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $341.39.

Insiders Place Their Bets

In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now 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 have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

SHW stock traded up $1.43 during midday trading on Thursday, reaching $320.43. 1,287,512 shares of the stock were exchanged, compared to its average volume of 1,483,119. 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 stock has a market capitalization of $81.24 billion, a PE ratio of 34.16, a P/E/G ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a fifty day moving average price of $326.46 and a 200 day moving average price of $303.02.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS 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 business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, analysts expect 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 given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 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.