The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,331 shares of the specialty chemicals company’s stock after buying an additional 649 shares during the period. Sherwin-Williams comprises approximately 0.9% of Legacy Financial Strategies LLC’s investment portfolio, making the stock its 15th largest holding. Legacy Financial Strategies LLC’s holdings in Sherwin-Williams were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $28,000. Providence Capital Advisors LLC increased its holdings in Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the last quarter. Lee Financial Co bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $32,000. Finally, BluePath Capital Management LLC acquired a new position in Sherwin-Williams during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Mizuho cut their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Evercore ISI lowered their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a research note on Tuesday, February 27th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, StockNews.com raised 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 assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $325.94.

Sherwin-Williams Trading Down 1.1 %

SHW traded down $3.42 during midday trading on Friday, reaching $305.96. 1,563,345 shares of the company’s stock traded hands, compared to its average volume of 1,145,663. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.42 and a beta of 1.15. The firm has a fifty day moving average of $328.52 and a two-hundred day moving average of $298.00. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $1.89 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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 accessible through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated 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 approximately $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. 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. Company insiders own 0.60% of the company’s stock.

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.