The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Wallace Advisory Group LLC

Wallace Advisory Group LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 352.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,999 shares of the specialty chemicals company’s stock after acquiring an additional 3,894 shares during the quarter. Sherwin-Williams comprises 1.2% of Wallace Advisory Group LLC’s holdings, making the stock its 16th largest holding. Wallace Advisory Group LLC’s holdings in Sherwin-Williams were worth $1,699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter valued at $29,000. Semmax Financial Advisors Inc. boosted its holdings in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the period. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter valued at $32,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup decreased their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $336.36 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company’s 50-day simple moving average is $366.56 and its 200-day simple moving average is $358.81. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $3.20 EPS. The business’s revenue was up .7% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.85%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.