Strong Tower Advisory Services Has $1.53 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Strong Tower Advisory Services decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,912 shares of the specialty chemicals company’s stock after selling 59 shares during the period. Strong Tower Advisory Services’ holdings in Sherwin-Williams were worth $1,532,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its holdings in shares of Sherwin-Williams by 0.5% in the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after buying an additional 34 shares in the last quarter. Hutner Capital Management Inc. raised its holdings in shares of Sherwin-Williams by 1.8% in the 2nd quarter. Hutner Capital Management Inc. now owns 2,062 shares of the specialty chemicals company’s stock worth $548,000 after buying an additional 37 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in shares of Sherwin-Williams by 4.7% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 38 shares in the last quarter. Midwest Financial Group LLC raised its holdings in shares of Sherwin-Williams by 1.6% in the 3rd quarter. Midwest Financial Group LLC now owns 2,540 shares of the specialty chemicals company’s stock worth $648,000 after buying an additional 40 shares in the last quarter. Finally, Montag A & Associates Inc. raised its holdings in shares of Sherwin-Williams by 2.2% in the 3rd quarter. Montag A & Associates Inc. now owns 1,825 shares of the specialty chemicals company’s stock worth $465,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Barclays increased their price target on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Mizuho decreased their price target on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Argus increased their price target on Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.39.

Sherwin-Williams Stock Performance

SHW stock opened at $347.33 on Friday. The business’s fifty day moving average is $322.11 and its 200-day moving average is $289.79. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company has a market cap of $88.38 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.15. The Sherwin-Williams Company has a twelve month low of $211.91 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, February 23rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.92%.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is 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.