Cumberland Partners Ltd Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Cumberland Partners Ltd increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 150.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,000 shares of the specialty chemicals company’s stock after acquiring an additional 1,200 shares during the quarter. Cumberland Partners Ltd’s holdings in Sherwin-Williams were worth $624,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after acquiring an additional 187,478 shares during the period. FMR LLC increased its position in shares of Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after acquiring an additional 2,146,102 shares during the period. Morgan Stanley increased its position in shares of Sherwin-Williams by 1.5% in the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock valued at $1,291,563,000 after acquiring an additional 75,571 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock valued at $679,108,000 after purchasing an additional 28,554 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Sherwin-Williams by 4.4% during the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock valued at $643,846,000 after purchasing an additional 106,319 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore ISI cut their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup boosted their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $333.39.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last 90 days. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Shares of SHW traded up $0.19 during mid-day trading on Wednesday, reaching $302.55. The stock had a trading volume of 1,191,626 shares, compared to its average volume of 1,440,010. The firm has a market cap of $76.99 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The business has a fifty day moving average of $328.40 and a 200 day moving average of $298.73. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company posted $2.04 EPS. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.92%.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.