BW Gestao de Investimentos Ltda. Has $2.71 Million Stock Position in The Sherwin-Williams Company $SHW

BW Gestao de Investimentos Ltda. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 39.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,814 shares of the specialty chemicals company’s stock after selling 5,100 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Sherwin-Williams were worth $2,706,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHW. MTM Investment Management LLC acquired a new position in Sherwin-Williams in the second quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its stake in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Rossby Financial LCC lifted its stake in Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Sherwin-Williams in the second quarter worth approximately $36,000. Finally, True Wealth Design LLC grew its position in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SHW shares. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a report on Wednesday, January 7th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $388.21.

Sherwin-Williams Price Performance

NYSE SHW opened at $333.36 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The company has a fifty day simple moving average of $352.33 and a 200 day simple moving average of $345.51. The company has a market cap of $82.46 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.86 and a beta of 1.25. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. On average, 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 $0.80 dividend. The ex-dividend date is Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Insider Activity

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams 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.