1,052 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Eos Management L.P.

Eos Management L.P. bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,052 shares of the specialty chemicals company’s stock, valued at approximately $328,000.

A number of other large investors also recently added to or reduced their stakes in SHW. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams in the third quarter valued at $25,000. Union Savings Bank purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $28,000. Lee Financial Co purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $32,000. BluePath Capital Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth about $35,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.5 %

Shares of NYSE SHW traded up $1.64 during midday trading on Friday, hitting $306.45. 1,365,463 shares of the company’s stock were exchanged, compared to its average volume of 1,466,097. The firm’s fifty day simple moving average is $328.05 and its 200-day simple moving average is $299.19. The company has a market cap of $77.98 billion, a PE ratio of 32.67, a P/E/G ratio of 2.41 and a beta of 1.15. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the business posted $2.04 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research report on Tuesday, February 27th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $337.37.

About Sherwin-Williams

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.