Catalyst Financial Partners LLC Acquires Shares of 684 The Sherwin-Williams Company (NYSE:SHW)

Catalyst Financial Partners LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 684 shares of the specialty chemicals company’s stock, valued at approximately $213,000.

Other large investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $25,000. Lee Financial Co bought a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $36,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Sherwin-Williams by 1,533.3% during the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now 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 this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.50, for a total transaction of $867,525.00. Following the transaction, the insider now directly owns 12,941 shares of the company’s stock, valued at approximately $4,173,472.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHW shares. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Wolfe Research initiated coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Mizuho decreased their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $341.39.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $1.43 during mid-day trading on Thursday, reaching $320.43. 1,287,512 shares of the company’s stock traded hands, compared to its average volume of 1,483,119. The firm has a market capitalization of $81.24 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a 50 day moving average price of $326.46 and a two-hundred day moving average price of $303.02. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.