The Sherwin-Williams Company (NYSE:SHW) Stock Position Reduced by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,839 shares of the specialty chemicals company’s stock after selling 182 shares during the period. AdvisorNet Financial Inc’s holdings in Sherwin-Williams were worth $885,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $25,000. Union Savings Bank bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $28,000. Providence Capital Advisors LLC lifted its holdings in shares of Sherwin-Williams by 44,853.3% in the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the last quarter. Lee Financial Co bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. Finally, BluePath Capital Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $347.33 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $88.38 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.57 and a beta of 1.15. The stock’s fifty day simple moving average is $323.79 and its 200 day simple moving average is $290.86. The Sherwin-Williams Company has a 52-week low of $211.91 and a 52-week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were issued a dividend of $0.715 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.82%. Sherwin-Williams’s payout ratio is currently 30.92%.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a report on Tuesday, February 27th. Mizuho cut their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Evercore ISI lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Finally, UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.39.

Check Out Our Latest Stock Analysis on SHW

About Sherwin-Williams

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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