The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 36.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,192 shares of the specialty chemicals company’s stock after buying an additional 316 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Sherwin-Williams were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHW. First Hawaiian Bank increased its stake in shares of Sherwin-Williams by 0.5% in the fourth 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 raised its stake in shares of Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after acquiring an additional 34 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its position in shares of Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 38 shares during the period. Finally, Alpha Cubed Investments LLC lifted its position 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. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.3 %

Shares of NYSE SHW traded up $0.98 during mid-day trading on Thursday, hitting $319.98. The stock had a trading volume of 544,557 shares, compared to its average volume of 1,474,592. 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 market cap of $81.13 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The business has a 50 day moving average price of $326.67 and a two-hundred day moving average price of $302.91. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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 net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the business posted $2.04 EPS. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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. This represents a $2.86 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $377.00 price objective (down from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Wolfe Research began coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group raised shares of 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 report on Thursday, March 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $341.39.

Insider Activity at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred 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 in the company, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last ninety days. 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.