New Age Alpha Advisors LLC Has $4.03 Million Position in The Sherwin-Williams Company $SHW

New Age Alpha Advisors LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 17.1% in the 3rd quarter, Holdings Channel reports. The firm owned 11,625 shares of the specialty chemicals company’s stock after selling 2,400 shares during the period. New Age Alpha Advisors LLC’s holdings in Sherwin-Williams were worth $4,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $26,000. Vermillion & White Wealth Management Group LLC grew its stake in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Rossby Financial LCC increased its holdings in shares of Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams in the second quarter worth about $36,000. Finally, True Wealth Design LLC raised its position in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Mizuho increased their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, UBS Group set a $420.00 price target on Sherwin-Williams in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $362.08 on Monday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The company’s fifty day simple moving average is $350.29 and its 200-day simple moving average is $346.47. The firm has a market cap of $89.71 billion, a PE ratio of 35.26, a P/E/G ratio of 3.14 and a beta of 1.25. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) 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 analyst estimates of $5.57 billion. During the same period in the previous year, the business earned $2.09 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

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.