Capital Advisors Ltd. LLC Buys 63 Shares of The Sherwin-Williams Company (NYSE:SHW)

Capital Advisors Ltd. LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,103 shares of the specialty chemicals company’s stock after purchasing an additional 63 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Sherwin-Williams were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 187,478 shares during the last quarter. FMR LLC lifted its position in 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 purchasing an additional 2,146,102 shares during the last quarter. Morgan Stanley lifted its position in 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 purchasing an additional 75,571 shares during the last quarter. Clearbridge Investments LLC lifted its position in Sherwin-Williams by 1.1% in the third 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 during the last quarter. Finally, Northern Trust Corp lifted its position in Sherwin-Williams by 4.4% in the third 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 during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Analyst Ratings Changes

Several research firms have recently issued reports on SHW. Wolfe Research began coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Evercore ISI decreased their price objective on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Mizuho decreased their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $336.89.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $2.64 during trading hours on Thursday, reaching $306.37. 681,279 shares of the company traded hands, compared to its average volume of 1,444,260. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market cap of $77.96 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15. The firm has a 50-day moving average price of $328.26 and a 200 day moving average price of $298.77.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

About Sherwin-Williams

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.