B. Metzler seel. Sohn & Co. AG Increases Stake in The Sherwin-Williams Company $SHW

B. Metzler seel. Sohn & Co. AG increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,298 shares of the specialty chemicals company’s stock after buying an additional 4,953 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Sherwin-Williams were worth $41,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC boosted its stake in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Sigma Planning Corp boosted its position in Sherwin-Williams by 2.5% during the second quarter. Sigma Planning Corp now owns 1,879 shares of the specialty chemicals company’s stock worth $645,000 after purchasing an additional 46 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Sherwin-Williams by 571.1% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 4,785 shares of the specialty chemicals company’s stock valued at $1,643,000 after buying an additional 4,072 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Sherwin-Williams by 50.7% during the second quarter. Golden State Wealth Management LLC now owns 208 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 70 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.7%

Shares of NYSE:SHW opened at $329.77 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The firm has a fifty day moving average price of $352.17 and a 200 day moving average price of $345.87. The stock has a market cap of $81.57 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.86 and a beta of 1.25.

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

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 31.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHW shares. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Mizuho increased their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.