Aspire Growth Partners LLC Invests $473,000 in The Sherwin-Williams Company (NYSE:SHW)

Aspire Growth Partners LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,392 shares of the specialty chemicals company's stock, valued at approximately $473,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC grew its position in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC boosted its position in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management grew its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its stake in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 2.0 %

Shares of NYSE:SHW traded down $7.22 during trading on Tuesday, hitting $352.60. The company had a trading volume of 1,158,529 shares, compared to its average volume of 1,764,772. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market cap of $88.68 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a fifty day simple moving average of $342.22 and a two-hundred day simple moving average of $355.66.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.17 EPS. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SHW shares. Citigroup cut their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $397.00.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.