RWA Wealth Partners LLC Makes New $961,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

RWA Wealth Partners LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,080 shares of the specialty chemicals company’s stock, valued at approximately $961,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sherwin-Williams by 16.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after buying an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $38,444,000. Machina Capital S.A.S. increased its stake in shares of Sherwin-Williams by 149.0% in the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 5,801 shares during the period. AIA Group Ltd increased its stake in shares of Sherwin-Williams by 20.8% in the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares during the period. Finally, Pearl River Capital LLC bought a new position in shares of Sherwin-Williams in the third quarter worth about $4,517,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SHW. Mizuho dropped their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Seaport Res Ptn lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research note on Tuesday, February 27th. Finally, Barclays boosted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.89.

Sherwin-Williams Trading Up 0.5 %

SHW stock opened at $303.74 on Thursday. The firm has a market cap of $77.29 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The business’s 50 day moving average is $328.26 and its 200-day moving average is $298.77.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. 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 currently owned by corporate 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.