WealthTrust Fairport LLC Lowers Holdings in Sherwin-Williams Co (SHW)
WealthTrust Fairport LLC decreased its position in Sherwin-Williams Co (NYSE:SHW) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,386 shares of the specialty chemicals company’s stock after selling 446 shares during the period. WealthTrust Fairport LLC’s holdings in Sherwin-Williams were worth $6,225,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams in the second quarter valued at $100,000. Peddock Capital Advisors LLC acquired a new stake in Sherwin-Williams in the second quarter valued at $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Sherwin-Williams by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after purchasing an additional 29 shares during the last quarter. Spectrum Management Group Inc. acquired a new stake in Sherwin-Williams in the third quarter valued at $162,000. Finally, Acrospire Investment Management LLC acquired a new stake in Sherwin-Williams in the second quarter valued at $169,000. 75.98% of the stock is currently owned by institutional investors.
SHW has been the topic of a number of analyst reports. BidaskClub raised Sherwin-Williams from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Robert W. Baird reaffirmed a “buy” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and set a $415.00 price objective on shares of Sherwin-Williams in a research note on Sunday, September 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a research note on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $404.10.
Sherwin-Williams Co (SHW) traded down $1.57 during midday trading on Thursday, reaching $405.45. The company had a trading volume of 506,100 shares, compared to its average volume of 626,693. Sherwin-Williams Co has a 1 year low of $265.14 and a 1 year high of $413.98. The stock has a market capitalization of $37,630.00, a P/E ratio of 29.32, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $4.23 earnings per share. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. sell-side analysts predict that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.81%.
In related news, SVP Robert J. Wells sold 2,946 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock worth $5,969,846 over the last quarter. 1.69% of the stock is currently owned by company insiders.
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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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