Stratos Wealth Partners LTD. Purchases 7,193 Shares of The Sherwin-Williams Company $SHW

Stratos Wealth Partners LTD. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 23.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,934 shares of the specialty chemicals company’s stock after buying an additional 7,193 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sherwin-Williams were worth $12,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Modera Wealth Management LLC boosted its position in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 29 shares in the last quarter. CoreCap Advisors LLC increased its position in Sherwin-Williams by 0.6% during the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after buying an additional 29 shares in the last quarter. Mather Group LLC. raised its stake in Sherwin-Williams by 1.4% in the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after buying an additional 30 shares during the last quarter. Alpine Bank Wealth Management raised its stake in Sherwin-Williams by 4.1% in the third 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 during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Sherwin-Williams by 1.9% in the second 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 in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHW shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Royal Bank Of Canada lowered their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. UBS Group dropped their target price on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday. 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 research note on Monday, March 23rd. Finally, Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $383.23.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE:SHW opened at $317.69 on Friday. 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 Sherwin-Williams Company has a 52-week low of $301.58 and a 52-week high of $379.65. The stock has a market cap of $78.58 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.75 and a beta of 1.27. The business has a 50-day moving average price of $342.34 and a 200-day moving average price of $339.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $2.09 earnings per share. Sherwin-Williams’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Monday, March 2nd were issued a $0.80 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 31.16%.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,976 shares of the business’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 completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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. The trade was a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by corporate 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.