The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,669 shares of the specialty chemicals company’s stock after purchasing an additional 225 shares during the period. Toroso Investments LLC’s holdings in Sherwin-Williams were worth $956,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SJS Investment Consulting Inc. acquired a new position in shares of Sherwin-Williams during the third quarter worth $25,000. Standard Family Office LLC purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $40,000. CoreCap Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter valued at $69,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $81,000. 76.03% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.4 %

SHW stock opened at $217.32 on Friday. The company has a market cap of $56.08 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.41 and a beta of 1.07. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 3.09. The Sherwin-Williams Company has a 12 month low of $195.24 and a 12 month high of $285.00. The firm has a 50-day moving average of $231.21 and a two-hundred day moving average of $230.38.

Sherwin-Williams (NYSE:SHW – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The specialty chemicals company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. The company 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%. Sherwin-Williams’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 8.71 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were issued a dividend of $0.605 per share. The ex-dividend date of this dividend was Friday, February 24th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.60. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHW. Citigroup dropped their price objective on shares of Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. BMO Capital Markets lowered their price target on shares of Sherwin-Williams from $283.00 to $231.00 and set a “market perform” rating on the stock in a report on Friday, January 27th. Barclays lowered their price target on shares of Sherwin-Williams from $245.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, January 30th. Loop Capital lowered their price target on shares of Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, January 27th. Finally, Morgan Stanley lowered their target price on shares of Sherwin-Williams from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.39.

Insider Transactions at Sherwin-Williams

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

About Sherwin-Williams

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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.