Act Two Investors LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Act Two Investors LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 904 shares of the specialty chemicals company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Glassman Wealth Services raised its holdings in shares of Sherwin-Williams by 6.6% in the 4th quarter. Glassman Wealth Services now owns 692 shares of the specialty chemicals company’s stock valued at $216,000 after purchasing an additional 43 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Sherwin-Williams by 18.3% in the 4th quarter. Intech Investment Management LLC now owns 13,980 shares of the specialty chemicals company’s stock valued at $4,360,000 after buying an additional 2,164 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Sherwin-Williams by 7.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 169,871 shares of the specialty chemicals company’s stock valued at $52,983,000 after buying an additional 11,080 shares during the last quarter. Skopos Labs Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at $517,000. Finally, Advisory Services Network LLC grew its position in shares of Sherwin-Williams by 22.4% in the 4th quarter. Advisory Services Network LLC now owns 14,083 shares of the specialty chemicals company’s stock valued at $4,393,000 after buying an additional 2,580 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $1.75 during midday trading on Friday, hitting $304.84. The company had a trading volume of 1,011,191 shares, 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 Sherwin-Williams Company has a twelve month low of $223.28 and a twelve month high of $348.37. The business has a 50-day simple moving average of $320.47 and a two-hundred day simple moving average of $308.97. 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 2.45 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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). The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.04 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Northcoast Research raised 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. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup lowered their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 2,690 shares of Sherwin-Williams stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.50, for a total transaction of $867,525.00. Following the completion of the transaction, the insider now owns 12,941 shares in the company, valued at $4,173,472.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Karl J. Jorgenrud sold 2,690 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.50, for a total value of $867,525.00. Following the completion of the transaction, the insider now owns 12,941 shares of the company’s stock, valued at $4,173,472.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Justin T. Binns sold 1,563 shares of the business’s 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 completion of the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,771 shares of company stock worth $8,985,497. Insiders own 0.60% of the company’s stock.

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.