CIBC Bancorp USA Inc. Buys Shares of 94,500 The Sherwin-Williams Company $SHW

CIBC Bancorp USA Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 94,500 shares of the specialty chemicals company’s stock, valued at approximately $32,722,000.

Several other institutional investors also recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC lifted its holdings 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 buying an additional 44 shares during the period. Rossby Financial LCC grew its holdings in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 48 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Sherwin-Williams during the 2nd quarter worth $36,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 129.8% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a report on Thursday, January 22nd. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Mizuho increased their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Price Performance

SHW opened at $312.28 on Thursday. The stock has a market cap of $77.24 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.78 and a beta of 1.25. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. 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 company has a fifty day simple moving average of $351.13 and a 200 day simple moving average of $343.37.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts expect 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 was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a $0.80 dividend. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is presently 31.16%.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred 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 directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate 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.