Dakota Wealth Management bought a new stake in Sherwin-Williams Co (NYSE:SHW) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,021 shares of the specialty chemicals company’s stock, valued at approximately $439,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $1,324,000. Davis R M Inc. grew its stake in shares of Sherwin-Williams by 3.7% during the first quarter. Davis R M Inc. now owns 46,343 shares of the specialty chemicals company’s stock worth $19,960,000 after acquiring an additional 1,664 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Sherwin-Williams by 8.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 12,097 shares of the specialty chemicals company’s stock worth $5,211,000 after acquiring an additional 952 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Sherwin-Williams by 2.2% during the first quarter. Whittier Trust Co. now owns 39,333 shares of the specialty chemicals company’s stock worth $16,940,000 after acquiring an additional 865 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Sherwin-Williams by 142.6% during the first quarter. Quadrant Capital Group LLC now owns 131 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 77.56% of the company’s stock.
Shares of NYSE:SHW traded down $0.48 during midday trading on Wednesday, reaching $431.44. The company’s stock had a trading volume of 329,547 shares, compared to its average volume of 634,784. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 2.52. The company has a market cap of $40.22 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.80 and a beta of 1.26.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.03). The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. Sherwin-Williams’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $3.57 EPS. Sell-side analysts expect that Sherwin-Williams Co will post 21.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 24.39%.
In related news, insider Joel D. Baxter sold 7,621 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $439.15, for a total value of $3,346,762.15. Following the transaction, the insider now owns 10,308 shares in the company, valued at $4,526,758.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert F. Lynch sold 6,984 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $430.54, for a total value of $3,006,891.36. Following the completion of the transaction, the insider now owns 13,855 shares in the company, valued at approximately $5,965,131.70. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
A number of equities research analysts have recently weighed in on SHW shares. Deutsche Bank boosted their price target on Sherwin-Williams from $460.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $467.00 target price on shares of Sherwin-Williams in a report on Thursday, January 31st. Argus lifted their target price on Sherwin-Williams from $480.00 to $527.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Barclays lifted their target price on Sherwin-Williams from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research raised Sherwin-Williams from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $480.05.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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