Sherwin-Williams Co (NYSE:SHW) Holdings Increased by Neuburgh Advisers LLC

Neuburgh Advisers LLC raised its holdings in Sherwin-Williams Co (NYSE:SHW) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,472 shares of the specialty chemicals company’s stock after buying an additional 592 shares during the quarter. Neuburgh Advisers LLC’s holdings in Sherwin-Williams were worth $4,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investors Research Corp purchased a new stake in Sherwin-Williams in the 1st quarter valued at about $25,000. Penserra Capital Management LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at about $28,000. Berman Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $28,000. Karp Capital Management Corp acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $33,000. Finally, JNBA Financial Advisors acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $35,000. Institutional investors own 76.20% of the company’s stock.

Sherwin-Williams stock traded up $1.00 during midday trading on Wednesday, hitting $471.87. 11,710 shares of the company were exchanged, compared to its average volume of 630,877. The firm has a market capitalization of $43.76 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.26. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.56 and a current ratio of 0.96. Sherwin-Williams Co has a fifty-two week low of $355.28 and a fifty-two week high of $479.64.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.03). The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $3.57 earnings per share. On average, analysts forecast that Sherwin-Williams Co will post 21.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.39%.

In related news, insider Robert F. Lynch sold 6,984 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the transaction, the insider now directly owns 13,855 shares of the company’s stock, valued at approximately $5,965,131.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff M. Fettig purchased 500 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average cost of $432.07 per share, for a total transaction of $216,035.00. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

SHW has been the topic of several research analyst reports. KeyCorp lifted their price objective on Sherwin-Williams from $450.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 22nd. Robert W. Baird lifted their price objective on Sherwin-Williams from $480.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Barclays lifted their price objective on Sherwin-Williams from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lowered Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 price objective on the stock. in a research note on Friday, March 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Sherwin-Williams from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $480.05.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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