Nicholas Hoffman & Company LLC. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,268 shares of the specialty chemicals company’s stock after selling 61 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Sherwin-Williams were worth $446,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Amplius Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $25,000. Concord Wealth Partners lifted its stake in shares of Sherwin-Williams by 137.5% in the fourth quarter. Concord Wealth Partners now owns 76 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 44 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in shares of Sherwin-Williams in the third quarter worth about $25,000. Arlington Partners LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $35,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Sherwin-Williams in the third quarter worth about $30,000. 77.35% of the stock is currently owned by hedge funds and other institutional investors.
SHW has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Monday, April 18th. StockNews.com assumed coverage on shares of Sherwin-Williams in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $345.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 11th. Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $315.00 to $342.00 in a research report on Thursday, April 28th. Finally, Loop Capital raised their price objective on shares of Sherwin-Williams from $300.00 to $315.00 in a research report on Wednesday, April 27th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Hold” and a consensus price target of $323.50.
Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The specialty chemicals company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. Sherwin-Williams had a net margin of 9.00% and a return on equity of 80.22%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 9.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 19th. Sherwin-Williams’s payout ratio is 34.99%.
In other news, CEO John G. Morikis purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The stock was bought at an average price of $259.55 per share, for a total transaction of $519,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Allen J. Mistysyn purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average price of $253.91 per share, with a total value of $253,910.00. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
About Sherwin-Williams (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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