Manchester Capital Management LLC Has $208,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Manchester Capital Management LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 666 shares of the specialty chemicals company’s stock after purchasing an additional 35 shares during the quarter. Manchester Capital Management LLC’s holdings in Sherwin-Williams were worth $208,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Hawaiian Bank boosted its holdings in Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares during the last quarter. Tsfg LLC boosted its holdings in Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in Sherwin-Williams by 0.9% during the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after acquiring an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in Sherwin-Williams by 4.7% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 38 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in Sherwin-Williams by 3.6% during the 4th quarter. Alpha Cubed Investments LLC now owns 1,105 shares of the specialty chemicals company’s stock worth $345,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on 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 in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SHW. Evercore ISI lifted their target price on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Robert W. Baird lifted their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Mizuho lowered their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $377.00 target price (down from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.56.

Read Our Latest Research Report on Sherwin-Williams

Sherwin-Williams Price Performance

SHW traded down $1.62 during midday trading on Friday, hitting $312.40. The stock had a trading volume of 968,562 shares, compared to its average volume of 1,777,130. The company has a market cap of $79.21 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 2.52 and a beta of 1.18. The Sherwin-Williams Company has a 1 year low of $223.28 and a 1 year high of $348.37. 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 business has a fifty day moving average of $323.55 and a 200 day moving average of $306.90.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm 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 dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

About Sherwin-Williams

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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