Sherwin-Williams Co (SHW) Shares Bought by Wills Financial Group Inc.
Wills Financial Group Inc. raised its holdings in Sherwin-Williams Co (NYSE:SHW) by 69.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,777 shares of the specialty chemicals company’s stock after buying an additional 1,140 shares during the quarter. Wills Financial Group Inc.’s holdings in Sherwin-Williams were worth $994,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $100,000. Peddock Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Sherwin-Williams by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after acquiring an additional 29 shares during the period. Spectrum Management Group Inc. bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $162,000. Finally, Parallel Advisors LLC lifted its position in shares of Sherwin-Williams by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after acquiring an additional 58 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock valued at $5,969,846 in the last 90 days. 1.69% of the stock is owned by corporate insiders.
A number of analysts have commented on SHW shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Robert W. Baird reiterated a “buy” rating and issued a $425.00 price objective on shares of Sherwin-Williams in a research report on Friday, November 10th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a research report on Wednesday, September 20th. Zelman & Associates upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $325.00 to $435.00 in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $402.32.
Sherwin-Williams Co (SHW) traded up $5.28 during trading on Friday, hitting $406.47. The company had a trading volume of 375,900 shares, compared to its average volume of 629,899. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market cap of $37,516.85, a P/E ratio of 28.90, a PEG ratio of 2.24 and a beta of 1.22. Sherwin-Williams Co has a 1-year low of $265.14 and a 1-year high of $410.66.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams’s revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the company earned $4.23 EPS. sell-side analysts anticipate that Sherwin-Williams Co will post 15.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.90%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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