Eos Management L.P. Has $4.95 Million Position in The Sherwin-Williams Company $SHW

Eos Management L.P. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 23.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,261 shares of the specialty chemicals company’s stock after buying an additional 2,909 shares during the quarter. Sherwin-Williams makes up approximately 1.9% of Eos Management L.P.’s portfolio, making the stock its 16th biggest position. Eos Management L.P.’s holdings in Sherwin-Williams were worth $4,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lodestone Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $31,000. Rossby Financial LCC lifted its stake in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the period. True Wealth Design LLC lifted its stake in shares of Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $42,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Sherwin-Williams by 42.4% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 39 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup dropped their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company downgraded Sherwin-Williams from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $410.00 to $365.00 in a research note on Friday, April 10th. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada dropped their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $379.08.

Sherwin-Williams Stock Performance

Shares of SHW opened at $334.74 on Thursday. 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 stock has a 50 day moving average price of $335.79 and a two-hundred day moving average price of $338.31. The firm has a market capitalization of $82.80 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.91 and a beta of 1.27. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.84 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s payout ratio is currently 31.16%.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,976 shares of the company’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 completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Profile

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.