CreativeOne Wealth LLC Acquires 307 Shares of The Sherwin-Williams Company (NYSE:SHW)

CreativeOne Wealth LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,831 shares of the specialty chemicals company’s stock after purchasing an additional 307 shares during the quarter. CreativeOne Wealth LLC’s holdings in Sherwin-Williams were worth $1,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fred Alger Management LLC lifted its position in Sherwin-Williams by 55,149.7% during the third quarter. Fred Alger Management LLC now owns 87,847 shares of the specialty chemicals company’s stock worth $17,987,000 after purchasing an additional 87,688 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Sherwin-Williams by 19.7% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,996 shares of the specialty chemicals company’s stock worth $2,456,000 after purchasing an additional 1,975 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Sherwin-Williams by 52.7% in the third quarter. Meiji Yasuda Life Insurance Co now owns 2,516 shares of the specialty chemicals company’s stock worth $515,000 after acquiring an additional 868 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Sherwin-Williams by 11.2% in the third quarter. Verus Capital Partners LLC now owns 1,433 shares of the specialty chemicals company’s stock worth $293,000 after acquiring an additional 144 shares during the last quarter. Finally, Summit Financial LLC lifted its holdings in shares of Sherwin-Williams by 16.4% in the third quarter. Summit Financial LLC now owns 3,172 shares of the specialty chemicals company’s stock worth $649,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 76.03% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, CEO John G. Morikis acquired 2,207 shares of Sherwin-Williams stock in a transaction dated Friday, January 27th. The stock was bought at an average price of $226.70 per share, with a total value of $500,326.90. Following the transaction, the chief executive officer now directly owns 231,344 shares in the company, valued at approximately $52,445,684.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO John G. Morikis acquired 2,207 shares of Sherwin-Williams stock in a transaction dated Friday, January 27th. The stock was bought at an average price of $226.70 per share, with a total value of $500,326.90. Following the transaction, the chief executive officer now directly owns 231,344 shares in the company, valued at approximately $52,445,684.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Bryan J. Young sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $220.76, for a total transaction of $607,090.00. Following the sale, the senior vice president now directly owns 7,955 shares of the company’s stock, valued at approximately $1,756,145.80. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $216.99 on Wednesday. The company has a market capitalization of $55.99 billion, a PE ratio of 28.11, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a 50 day simple moving average of $232.28 and a two-hundred day simple moving average of $230.70. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.55 and a current ratio of 0.99. The Sherwin-Williams Company has a fifty-two week low of $195.24 and a fifty-two week high of $285.00.

Sherwin-Williams (NYSE:SHW – Get Rating) last released its earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.26 billion. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 8.71 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were given a dividend of $0.605 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, February 24th. This represents a $2.42 annualized dividend and a dividend yield of 1.12%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

A number of research firms have recently commented on SHW. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating for the company in a report on Tuesday, January 31st. Barclays dropped their target price on shares of Sherwin-Williams from $245.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, January 30th. Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, January 9th. JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $260.00 to $235.00 and set an “overweight” rating for the company in a report on Friday, January 27th. Finally, Loop Capital dropped their target price on shares of Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $253.39.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.