Beck Bode LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Beck Bode LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,471 shares of the specialty chemicals company's stock, valued at approximately $6,279,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC raised its stake in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction dated 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 directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

SHW stock opened at $359.74 on Friday. The stock has a market capitalization of $90.48 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock's fifty day simple moving average is $342.22 and its 200-day simple moving average is $356.10.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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