Trajan Wealth LLC Takes $569,000 Position in The Sherwin-Williams Company $SHW

Trajan Wealth LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,643 shares of the specialty chemicals company’s stock, valued at approximately $569,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Sherwin-Williams in the 2nd quarter worth about $1,296,565,000. Viking Global Investors LP grew its stake in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares during the period. Bessemer Group Inc. increased its holdings in Sherwin-Williams by 4,029.8% in the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after purchasing an additional 606,482 shares in the last quarter. Amundi lifted its stake in Sherwin-Williams by 55.8% in the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after buying an additional 596,657 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after buying an additional 553,275 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.8%

SHW opened at $360.40 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The firm has a market capitalization of $89.30 billion, a PE ratio of 35.09, a P/E/G ratio of 3.12 and a beta of 1.25. The company’s 50-day moving average is $346.73 and its 200 day moving average is $346.30.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SHW shares. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho boosted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.67.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.