Zhang Financial LLC Purchases 50 Shares of The Sherwin-Williams Company (NYSE:SHW)

Zhang Financial LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,635 shares of the specialty chemicals company’s stock after buying an additional 50 shares during the period. Zhang Financial LLC’s holdings in Sherwin-Williams were worth $510,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Sherwin-Williams in the 3rd quarter worth $25,000. Union Savings Bank purchased a new stake in Sherwin-Williams in the 3rd quarter worth $28,000. Providence Capital Advisors LLC lifted its stake in Sherwin-Williams by 44,853.3% in the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares in the last quarter. Lee Financial Co purchased a new stake in Sherwin-Williams in the 3rd quarter worth $32,000. Finally, BluePath Capital Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth $33,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $305.96 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The firm has a market capitalization of $77.85 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. The company’s 50-day moving average is $328.52 and its 200 day moving average is $297.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, 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. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHW. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Evercore ISI decreased their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a research report on Tuesday, February 27th. Finally, Mizuho decreased their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $325.94.

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.