DRW Securities LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

DRW Securities LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,045 shares of the specialty chemicals company's stock, valued at approximately $695,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams during the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.4 %

Shares of SHW traded down $1.26 during midday trading on Tuesday, hitting $339.76. The stock had a trading volume of 441,293 shares, compared to its average volume of 1,778,074. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week 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. The firm has a market cap of $85.45 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The business has a 50-day simple moving average of $347.01 and a two-hundred day simple moving average of $359.91.

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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 last year, the company posted $1.81 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted 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. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $392.50.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.