Pure Financial Advisors LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 28.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,544 shares of the specialty chemicals company’s stock after purchasing an additional 1,693 shares during the period. Pure Financial Advisors LLC’s holdings in Sherwin-Williams were worth $2,445,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of SHW. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the 4th quarter worth $27,000. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams during the 4th quarter worth $31,000. Rossby Financial LCC raised its position in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Sherwin-Williams during the 3rd quarter worth $42,000. Finally, JPL Wealth Management LLC bought a new position in Sherwin-Williams during the 3rd quarter worth $45,000. 77.67% of the stock is owned by institutional investors.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock opened at $316.52 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The business has a 50-day moving average price of $328.62 and a two-hundred day moving average price of $337.83. The Sherwin-Williams Company has a 1-year low of $301.58 and a 1-year high of $379.65. The company has a market cap of $78.07 billion, a P/E ratio of 30.38, a PEG ratio of 2.74 and a beta of 1.16.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.80 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings raised Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. UBS Group lowered their target price on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Citigroup lowered their target price on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $375.33.
Read Our Latest Analysis on Sherwin-Williams
Insider Activity at Sherwin-Williams
In other news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.
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.
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