The Sherwin-Williams Company $SHW Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,688 shares of the specialty chemicals company’s stock after selling 3,263 shares during the quarter. CreativeOne Wealth LLC’s holdings in Sherwin-Williams were worth $2,662,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Modera Wealth Management LLC boosted its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 29 shares during the last quarter. Richard W. Paul & Associates LLC boosted its position in Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after purchasing an additional 30 shares during the period. 17 Capital Partners LLC boosted its position in Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after purchasing an additional 31 shares during the period. Alpine Bank Wealth Management increased its holdings in Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after purchasing an additional 31 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Sherwin-Williams by 1.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $577,000 after purchasing an additional 32 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SHW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, Mizuho boosted their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $388.21.

Sherwin-Williams Price Performance

SHW stock opened at $333.36 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The stock’s 50 day moving average is $352.33 and its two-hundred day moving average is $345.51. The company has a market capitalization of $82.46 billion, a PE ratio of 32.46, a P/E/G ratio of 2.86 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the business posted $2.09 EPS. The business’s revenue was up 5.6% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.0%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.

Insider Activity

In other news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Company Profile

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.