Stratos Wealth Advisors LLC Has $1.59 Million Stock Holdings in The Sherwin-Williams Company $SHW

Stratos Wealth Advisors LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 62.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,915 shares of the specialty chemicals company’s stock after acquiring an additional 1,886 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams during the 4th quarter worth approximately $31,000. Rossby Financial LCC lifted its position 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 worth $33,000 after purchasing an additional 48 shares during the period. Delos Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $36,000. True Wealth Design LLC increased its position in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 61 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Sherwin-Williams during the third quarter worth $42,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred 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 owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on SHW. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Citigroup dropped their price objective on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Vertical Research upgraded 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. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.23.

Sherwin-Williams Stock Down 0.1%

Sherwin-Williams stock opened at $317.69 on Friday. The company has a market capitalization of $78.58 billion, a PE ratio of 30.93, a PEG 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 firm’s fifty day moving average is $342.34 and its 200 day moving average is $339.42. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the company posted $2.09 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

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

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.