Orion Portfolio Solutions LLC Has $16.35 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Orion Portfolio Solutions LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,598 shares of the specialty chemicals company’s stock after selling 16,623 shares during the period. Orion Portfolio Solutions LLC’s holdings in Sherwin-Williams were worth $16,350,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. First United Bank & Trust purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $31,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams during the third quarter worth $32,000. Tortoise Investment Management LLC boosted its position in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Sherwin-Williams in the 4th quarter worth about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 25th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Barclays increased 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. Finally, Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $344.41.

Sherwin-Williams Price Performance

SHW traded up $1.75 during midday trading on Friday, reaching $304.84. 1,011,191 shares of the company’s stock were exchanged, compared to its average volume of 1,549,539. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The business has a 50-day simple moving average of $320.47 and a two-hundred day simple moving average of $308.58. The firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The Sherwin-Williams Company has a one year low of $223.28 and a one year high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted 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 company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business earned $2.04 EPS. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

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 completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the business’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 owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,771 shares of company stock worth $8,985,497 over the last ninety days. Corporate 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.