Davis R M Inc. Increases Holdings in The Sherwin-Williams Company $SHW

Davis R M Inc. increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 80,979 shares of the specialty chemicals company’s stock after purchasing an additional 4,189 shares during the period. Davis R M Inc.’s holdings in Sherwin-Williams were worth $28,040,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SHW. Cordatus Wealth Management LLC lifted its stake in Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after purchasing an additional 5,744 shares during the last quarter. Nordea Investment Management AB grew its position in Sherwin-Williams by 16.1% during the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after acquiring an additional 17,422 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares in the last quarter. Inscription Capital LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $1,069,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of the business’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. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHW. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research note 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Trading Up 0.4%

SHW opened at $362.08 on Monday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. 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 business has a 50 day simple moving average of $350.29 and a two-hundred day simple moving average of $346.47. The firm has a market capitalization of $89.71 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 3.14 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its 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. 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 analysts’ expectations of $5.57 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio is 30.77%.

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.