Campbell Deegan Wealth Management LLC Buys New Shares in The Sherwin-Williams Company $SHW

Campbell Deegan Wealth Management LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,430 shares of the specialty chemicals company’s stock, valued at approximately $2,084,000. Sherwin-Williams accounts for about 1.7% of Campbell Deegan Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $31,000. Rossby Financial LCC grew its stake in Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Sherwin-Williams during the second quarter worth approximately $36,000. True Wealth Design LLC grew its stake in Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 61 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Sherwin-Williams during the third quarter worth approximately $42,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. UBS Group decreased their price objective on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Mizuho decreased their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $383.23.

Sherwin-Williams Trading Up 6.9%

NYSE SHW opened at $335.72 on Thursday. The company’s fifty day simple moving average is $340.76 and its 200-day simple moving average is $338.85. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The stock has a market cap of $83.04 billion, a P/E ratio of 32.69, a PEG ratio of 2.75 and a beta of 1.27.

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

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Insiders Place Their Bets

In other news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction on 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 approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

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.