4,375 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,375 shares of the specialty chemicals company's stock, valued at approximately $1,487,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Merit Financial Group LLC raised its position in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 523 shares during the period. Park Avenue Securities LLC grew its stake in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after buying an additional 2,303 shares during the last quarter. Burney Co. increased its position in Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after buying an additional 766 shares during the period. Kerusso Capital Management LLC lifted its stake in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after buying an additional 4,439 shares during the last quarter. Finally, Canoe Financial LP boosted its holdings in shares of Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock valued at $115,477,000 after acquiring an additional 286,791 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

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Sherwin-Williams Trading Down 2.6 %

SHW stock traded down $8.74 during mid-day trading on Friday, reaching $331.91. 4,337,001 shares of the stock traded hands, compared to its average volume of 1,748,173. 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 company has a market cap of $83.48 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock's fifty day moving average is $352.24 and its 200-day moving average is $362.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the business earned $1.81 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction 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 transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent research reports. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $398.94.

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.