Waycross Partners LLC Invests $29.75 Million in The Sherwin-Williams Company $SHW

Waycross Partners LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 91,796 shares of the specialty chemicals company’s stock, valued at approximately $29,745,000. Sherwin-Williams comprises approximately 2.4% of Waycross Partners LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Modera Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Sherwin-Williams by 0.6% during the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after purchasing an additional 29 shares during the last quarter. Mather Group LLC. lifted its stake in Sherwin-Williams by 1.4% during the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 30 shares during the last quarter. Alpine Bank Wealth Management boosted its holdings in Sherwin-Williams by 4.1% in the third quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Sherwin-Williams by 1.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $577,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SHW shares. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Mizuho lowered their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $384.43.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 1.2%

Sherwin-Williams stock opened at $315.60 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a one year low of $301.58 and a one year high of $379.65. The company has a 50-day simple moving average of $345.58 and a 200-day simple moving average of $340.96. The firm has a market capitalization of $78.07 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.77 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the firm posted $2.09 EPS. Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 31.16%.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.