The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 13,169.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725 shares of the specialty chemicals company’s stock after buying an additional 1,712 shares during the period. Larson Financial Group LLC’s holdings in Sherwin-Williams were worth $538,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Illinois Municipal Retirement Fund grew its stake in Sherwin-Williams by 7.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 17,836 shares of the specialty chemicals company’s stock valued at $5,563,000 after purchasing an additional 1,220 shares in the last quarter. RWA Wealth Partners LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $961,000. Duality Advisers LP raised its holdings in Sherwin-Williams by 131.0% in the fourth quarter. Duality Advisers LP now owns 2,705 shares of the specialty chemicals company’s stock valued at $844,000 after acquiring an additional 1,534 shares in the last quarter. Legacy Financial Strategies LLC boosted its stake in Sherwin-Williams by 6.7% during the 4th quarter. Legacy Financial Strategies LLC now owns 10,331 shares of the specialty chemicals company’s stock valued at $3,222,000 after acquiring an additional 649 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter worth $13,834,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the company’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 completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $302.34 on Wednesday. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The firm has a market capitalization of $76.93 billion, a PE ratio of 32.69, a P/E/G ratio of 2.45 and a beta of 1.15. The company’s 50 day simple moving average is $328.40 and its 200 day simple moving average is $298.73. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 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 down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHW shares. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their target price on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Evercore ISI dropped their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Finally, Wolfe Research assumed coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.50.

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.