1,260 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,260 shares of the specialty chemicals company's stock, valued at approximately $428,000.

Several other hedge funds have also modified their holdings of SHW. Legacy Capital Wealth Partners LLC raised its holdings in Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after purchasing an additional 29 shares in the last quarter. Apella Capital LLC raised its stake 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 worth $498,000 after acquiring an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in 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 valued at $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management grew its holdings in shares of Sherwin-Williams by 2.4% during the fourth 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 increased its position in shares of Sherwin-Williams by 2.7% during the fourth 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 in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the 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 sale, the insider now owns 5,365 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Jefferies Financial Group restated a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Price Performance

NYSE SHW traded up $6.10 during mid-day trading on Friday, hitting $359.74. The stock had a trading volume of 1,398,615 shares, compared to its average volume of 1,768,049. The company has a 50 day simple moving average of $342.22 and a 200 day simple moving average of $356.33. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $90.48 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.98 and a beta of 1.24. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Sherwin-Williams Profile

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.