GAMMA Investing LLC Invests $462,000 in The Sherwin-Williams Company (NYSE:SHW)

GAMMA Investing LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,517 shares of the specialty chemicals company’s stock, valued at approximately $462,000.

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

Sherwin-Williams Stock Performance

SHW stock traded down $0.67 during trading on Wednesday, reaching $301.69. The company had a trading volume of 863,643 shares, compared to its average volume of 1,436,122. The firm has a 50-day simple moving average of $328.40 and a 200-day simple moving average of $298.73. The company has a market cap of $76.77 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHW. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Evercore ISI cut their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Northcoast Research raised 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. Barclays raised their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.39.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the business’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 completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.