SageOak Financial LLC Acquires New Holdings in The Sherwin-Williams Company (NYSE:SHW)

SageOak Financial LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,305 shares of the specialty chemicals company's stock, valued at approximately $2,483,000. Sherwin-Williams accounts for approximately 2.3% of SageOak Financial LLC's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. Enhancing Capital LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $499,000. Generali Asset Management SPA SGR acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $7,902,000. Horizon Investments LLC increased its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after acquiring an additional 161 shares during the period. RD Lewis Holdings Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $423,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $212,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

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Sherwin-Williams Trading Down 0.5 %

Shares of SHW traded down $1.65 during midday trading on Friday, hitting $334.38. The stock had a trading volume of 3,478,321 shares, compared to its average volume of 1,633,002. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The business has a 50-day simple moving average of $353.97 and a two-hundred day simple moving average of $364.60. The firm has a market cap of $84.10 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. 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 announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $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 business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. 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. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

About Sherwin-Williams

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.