Transcend Capital Advisors LLC Has $1.65 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Transcend Capital Advisors LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 9.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,284 shares of the specialty chemicals company’s stock after purchasing an additional 444 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sherwin-Williams were worth $1,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SHW. OFI Invest Asset Management acquired a new stake in Sherwin-Williams in the 3rd quarter worth about $25,000. Union Savings Bank bought a new position in Sherwin-Williams in the 3rd quarter valued at about $28,000. Lee Financial Co bought a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. BluePath Capital Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.5 %

NYSE:SHW traded up $1.64 during mid-day trading on Friday, hitting $306.45. 1,820,261 shares of the company’s stock were exchanged, compared to its average volume of 1,484,751. The company has a 50 day simple moving average of $328.05 and a 200-day simple moving average of $299.51. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm has a market capitalization of $77.98 billion, a P/E ratio of 32.67, a PEG ratio of 2.47 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Transactions at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, 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 that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, 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. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup decreased their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird raised their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company raised their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $341.39.

Sherwin-Williams Company 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.