Burling Wealth Partners LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,011 shares of the specialty chemicals company's stock, valued at approximately $2,043,000.
Other large investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter valued at $36,000. WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $41,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Stock Performance
Shares of NYSE SHW traded down $3.18 during midday trading on Friday, hitting $331.26. The company's stock had a trading volume of 1,552,327 shares, compared to its average volume of 1,765,949. The stock has a fifty day moving average price of $342.14 and a 200 day moving average price of $357.28. The firm has a market capitalization of $83.32 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.
Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the business posted $1.81 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 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 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's payout ratio is presently 29.95%.
Insider Activity
In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.
Wall Street Analysts Forecast Growth
SHW has been the topic of a number of recent analyst reports. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $392.00.
Read Our Latest Research Report on SHW
Sherwin-Williams Profile
(
Free Report)
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.
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