The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,051 shares of the specialty chemicals company’s stock after purchasing an additional 78 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Sherwin-Williams were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank raised its position in shares of Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares in the last quarter. Tsfg LLC raised its holdings in shares of Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares during the period. Ellsworth Advisors LLC lifted its position in shares of Sherwin-Williams by 0.9% in the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after buying an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted 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 valued at $263,000 after buying an additional 38 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of Sherwin-Williams by 2.2% during the 3rd quarter. Montag A & Associates Inc. now owns 1,825 shares of the specialty chemicals company’s stock valued at $465,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $306.45 on Monday. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The stock has a market cap of $77.98 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company’s 50-day moving average price is $328.05 and its two-hundred day moving average price is $299.82.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Wolfe Research initiated coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Barclays raised their target price 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. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $341.39.

Insider Transactions at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams 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 transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams 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 approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last three months. Company insiders own 0.60% of the company’s stock.

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.