Oak Thistle LLC Grows Position in The Sherwin-Williams Company $SHW

Oak Thistle LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 420.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,115 shares of the specialty chemicals company’s stock after acquiring an additional 4,132 shares during the period. Oak Thistle LLC’s holdings in Sherwin-Williams were worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $31,000. Rossby Financial LCC boosted its holdings in Sherwin-Williams by 96.0% during the third 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 last quarter. Delos Wealth Advisors LLC bought a new stake in Sherwin-Williams in the 2nd quarter worth about $36,000. True Wealth Design LLC grew its position in Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Sherwin-Williams in the 3rd quarter valued at about $42,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup reduced their price objective on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Friday, March 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $383.23.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $335.72 on Thursday. The firm has a market cap of $83.04 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 2.75 and a beta of 1.27. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The firm’s 50-day simple moving average is $340.76 and its two-hundred day simple moving average is $338.85.

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

Sherwin-Williams Increases Dividend

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

Insider Activity

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Profile

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.