The Sherwin-Williams Company $SHW Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 756.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,740 shares of the specialty chemicals company’s stock after purchasing an additional 194,096 shares during the period. Sherwin-Williams comprises about 2.3% of Daymark Wealth Partners LLC’s holdings, making the stock its 8th largest holding. Daymark Wealth Partners LLC owned about 0.09% of Sherwin-Williams worth $71,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Rossby Financial LCC lifted its stake in shares of Sherwin-Williams by 96.0% in the 3rd 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 acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $36,000. True Wealth Design LLC boosted its holdings 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 in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Sherwin-Williams during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 0.1%

NYSE SHW opened at $313.52 on Wednesday. The stock has a market capitalization of $77.55 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.72 and a beta of 1.25. The business has a 50 day simple moving average of $347.81 and a 200 day simple moving average of $341.66. 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 one year low of $301.58 and a one year high of $379.65.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio is presently 31.16%.

Wall Street Analyst Weigh In

Several research firms have commented on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Finally, UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.43.

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.