Wallace Advisory Group LLC Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Wallace Advisory Group LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 352.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,999 shares of the specialty chemicals company's stock after purchasing an additional 3,894 shares during the quarter. Sherwin-Williams comprises about 1.2% of Wallace Advisory Group LLC's portfolio, making the stock its 16th biggest position. Wallace Advisory Group LLC's holdings in Sherwin-Williams were worth $1,699,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SHW. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams during the third quarter valued at about $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter valued at about $32,000. GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 1.6 %

Sherwin-Williams stock traded up $5.53 during midday trading on Tuesday, hitting $341.65. 1,501,384 shares of the stock were exchanged, compared to its average volume of 1,672,619. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $86.05 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.94 and a beta of 1.22. The stock's 50-day simple moving average is $365.83 and its 200 day simple moving average is $359.11. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.84%. Sherwin-Williams's dividend payout ratio (DPR) is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SHW shares. BMO Capital Markets boosted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $402.25.

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.