Trajan Wealth LLC Takes Position in The Sherwin-Williams Company $SHW

Trajan Wealth LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,643 shares of the specialty chemicals company’s stock, valued at approximately $569,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Sherwin-Williams during the second quarter worth about $1,296,565,000. Viking Global Investors LP lifted its holdings in shares of Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Sherwin-Williams by 4,029.8% during the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock worth $213,410,000 after acquiring an additional 606,482 shares during the period. Amundi boosted its position in shares of Sherwin-Williams by 55.8% during the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock worth $587,047,000 after acquiring an additional 596,657 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after acquiring an additional 553,275 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $360.40 on Monday. The stock’s 50-day moving average is $346.73 and its 200-day moving average is $346.30. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The stock has a market cap of $89.30 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 3.12 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the company earned $2.09 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 0.9%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio is 30.77%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.