Compass Wealth Management LLC Acquires New Shares in The Sherwin-Williams Company $SHW

Compass Wealth Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,099 shares of the specialty chemicals company’s stock, valued at approximately $2,112,000.

Other institutional investors have also recently made changes to their positions in the company. Alpha Financial Partners LLC bought a new position in Sherwin-Williams during the third quarter valued at approximately $209,000. NewEdge Wealth LLC raised its stake in Sherwin-Williams by 21.6% during the 3rd quarter. NewEdge Wealth LLC now owns 4,243 shares of the specialty chemicals company’s stock valued at $1,425,000 after buying an additional 753 shares during the last quarter. MJP Associates Inc. ADV bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at $218,000. Essex Financial Services Inc. purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth $270,000. Finally, Cercano Management LLC purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth $19,981,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.2%

Shares of SHW stock opened at $357.67 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $88.66 billion, a P/E ratio of 34.83, a PEG ratio of 3.16 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The company’s fifty day simple moving average is $346.10 and its two-hundred day simple moving average is $346.28.

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

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a $0.80 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.77%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group set a $420.00 price objective on Sherwin-Williams in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.67.

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.