Stonnington Group LLC Has $2.23 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Stonnington Group LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,516 shares of the specialty chemicals company’s stock after selling 265 shares during the period. Stonnington Group LLC’s holdings in Sherwin-Williams were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Mutual Advisors LLC raised its position in Sherwin-Williams by 2.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,605 shares of the specialty chemicals company’s stock worth $359,000 after purchasing an additional 44 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Sherwin-Williams by 3.3% in the fourth quarter. Apella Capital LLC now owns 1,394 shares of the specialty chemicals company’s stock worth $331,000 after acquiring an additional 44 shares during the period. Optas LLC lifted its stake in shares of Sherwin-Williams by 2.0% in the third quarter. Optas LLC now owns 2,261 shares of the specialty chemicals company’s stock worth $461,000 after acquiring an additional 45 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Sherwin-Williams by 3.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,190 shares of the specialty chemicals company’s stock valued at $244,000 after purchasing an additional 45 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in Sherwin-Williams by 1.3% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,676 shares of the specialty chemicals company’s stock worth $753,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zelman & Associates cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. Citigroup lowered their price objective on Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating for the company in a research report on Friday, January 27th. Wells Fargo & Company cut their target price on Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, January 9th. StockNews.com started coverage on Sherwin-Williams in a research note on Thursday. They set a “buy” rating for the company. Finally, Loop Capital dropped their price target on Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.39.

Sherwin-Williams Price Performance

SHW opened at $217.32 on Friday. The firm’s fifty day moving average price is $231.21 and its two-hundred day moving average price is $230.38. The company has a market capitalization of $56.08 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.46 and a beta of 1.07. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.99 and a quick ratio of 0.55. The Sherwin-Williams Company has a 1 year low of $195.24 and a 1 year high of $285.00.

Sherwin-Williams (NYSE:SHW – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that The Sherwin-Williams Company will post 8.71 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Monday, February 27th were given a $0.605 dividend. The ex-dividend date was Friday, February 24th. This represents a $2.42 annualized dividend and a yield of 1.11%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.60. Sherwin-Williams’s payout ratio is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In related news, CEO John G. Morikis purchased 2,207 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were bought at an average cost of $226.70 per share, with a total value of $500,326.90. Following the acquisition, the chief executive officer now owns 231,344 shares of the company’s stock, valued at $52,445,684.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Bryan J. Young sold 2,750 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total transaction of $607,090.00. Following the completion of the transaction, the senior vice president now owns 7,955 shares in the company, valued at $1,756,145.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John G. Morikis purchased 2,207 shares of Sherwin-Williams stock in a transaction that occurred on Friday, January 27th. The shares were bought at an average price of $226.70 per share, with a total value of $500,326.90. Following the transaction, the chief executive officer now owns 231,344 shares of the company’s stock, valued at approximately $52,445,684.80. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Sherwin-Williams Company Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.