Gryphon Financial Partners LLC Has $827,000 Position in The Sherwin-Williams Company $SHW

Gryphon Financial Partners LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 296.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,551 shares of the specialty chemicals company’s stock after purchasing an additional 1,908 shares during the period. Gryphon Financial Partners LLC’s holdings in Sherwin-Williams were worth $827,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modera Wealth Management LLC grew its stake in Sherwin-Williams by 2.4% during the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after buying an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC increased its holdings in Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after buying an additional 30 shares during the period. Alpine Bank Wealth Management raised its position in shares of Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after buying an additional 31 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after acquiring an additional 32 shares during the period. Finally, Atlas Brown Inc. lifted its holdings in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Atlas Brown Inc. now owns 3,275 shares of the specialty chemicals company’s stock worth $1,134,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction 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 transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction on 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 sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 2.3%

Shares of SHW opened at $303.25 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The stock has a market capitalization of $75.01 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.63 and a beta of 1.25. The stock has a fifty day moving average of $349.53 and a 200-day moving average of $342.58.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.80 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded 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. Mizuho upped their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. UBS Group set a $420.00 price objective on Sherwin-Williams in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Wednesday, January 7th. Eleven research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.21.

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.