Eukles Asset Management Has $4.01 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Eukles Asset Management trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,867 shares of the specialty chemicals company’s stock after selling 237 shares during the period. Sherwin-Williams accounts for approximately 1.9% of Eukles Asset Management’s investment portfolio, making the stock its 12th biggest position. Eukles Asset Management’s holdings in Sherwin-Williams were worth $4,013,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams during the third quarter worth $25,000. Union Savings Bank acquired a new position in Sherwin-Williams during the third quarter worth $28,000. Providence Capital Advisors LLC increased its holdings in shares of Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 6,728 shares during the last quarter. Lee Financial Co acquired a new position in shares of Sherwin-Williams in the third quarter valued at $32,000. Finally, BluePath Capital Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter valued at $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.8 %

Shares of NYSE:SHW traded down $2.58 during mid-day trading on Friday, hitting $306.80. The company had a trading volume of 631,389 shares, compared to its average volume of 1,389,660. The firm has a fifty day moving average price of $328.64 and a 200 day moving average price of $297.00. The company has a market capitalization of $78.07 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SHW. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Robert W. Baird reiterated a “neutral” rating and set a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Finally, Wolfe Research started coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the business’s 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 sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, 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. In 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.

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.