The Sherwin-Williams Company $SHW Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 233.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,214 shares of the specialty chemicals company’s stock after purchasing an additional 2,249 shares during the period. Exchange Traded Concepts LLC’s holdings in Sherwin-Williams were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cordatus Wealth Management LLC grew its stake in shares of Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after buying an additional 5,744 shares during the period. Nordea Investment Management AB raised its position in shares of Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after buying an additional 17,422 shares during the period. Wealthfront Advisers LLC boosted its holdings in Sherwin-Williams by 26.1% in the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after acquiring an additional 6,408 shares during the last quarter. Mairs & Power Inc. boosted its holdings in Sherwin-Williams by 0.7% in the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock valued at $160,680,000 after acquiring an additional 3,430 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in Sherwin-Williams during the third quarter valued at about $1,069,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1%

NYSE:SHW opened at $317.69 on Friday. The business’s 50-day moving average is $342.34 and its two-hundred day moving average is $339.51. The firm has a market capitalization of $78.58 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27. The Sherwin-Williams Company has a 12 month low of $301.58 and a 12 month 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.

Sherwin-Williams (NYSE:SHW) last issued 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 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 business earned $2.09 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.80 dividend. The ex-dividend date was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Citigroup dropped their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada decreased their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Friday, March 27th. Mizuho cut their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.23.

Insider Activity at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colin M. Davie sold 2,976 shares of the firm’s 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 sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by company insiders.

About Sherwin-Williams

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.