AmeriServ Wealth Advisors purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,186 shares of the specialty chemicals company's stock, valued at approximately $403,000.
Other hedge funds have also made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the 4th quarter worth about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the 4th quarter worth about $36,000. WR Wealth Planners LLC increased its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $41,000. Institutional investors own 77.67% of the company's stock.
Insider Buying and Selling at Sherwin-Williams
In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.
Wall Street Analysts Forecast Growth
SHW has been the topic of several analyst reports. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Barclays lowered their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. UBS Group decreased their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Royal Bank of Canada boosted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Citigroup decreased their price target on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $397.00.
View Our Latest Stock Analysis on SHW
Sherwin-Williams Trading Down 0.2 %
Shares of NYSE:SHW traded down $0.80 during mid-day trading on Wednesday, hitting $351.72. The stock had a trading volume of 1,025,870 shares, compared to its average volume of 1,761,829. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market cap of $88.46 billion, a PE ratio of 33.34, a P/E/G ratio of 2.98 and a beta of 1.24. The company's 50 day moving average is $342.15 and its 200-day moving average is $355.64.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the firm earned $2.17 earnings per share. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.
Sherwin-Williams Dividend Announcement
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 given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams's payout ratio is 29.87%.
About Sherwin-Williams
(
Free Report)
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.
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