Davidson Kahn Capital Management LLC Purchases Shares of 1,260 The Sherwin-Williams Company (NYSE:SHW)

Davidson Kahn Capital Management LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,260 shares of the specialty chemicals company's stock, valued at approximately $428,000.

Other large investors also recently made changes to their positions in the company. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $2,011,000. Merit Financial Group LLC grew its stake in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after acquiring an additional 523 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares in the last quarter. Burney Co. boosted its holdings in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after purchasing an additional 766 shares during the last quarter. Finally, Kerusso Capital Management LLC increased its stake in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after buying an additional 4,439 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated 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 directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

SHW stock traded up $6.10 during midday trading on Friday, reaching $359.74. The company had a trading volume of 1,398,615 shares, compared to its average volume of 1,767,006. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a 50 day moving average price of $342.22 and a 200-day moving average price of $356.10. 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 company 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share 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 analysts' expectations of $5.42 billion. During the same period in the prior year, the company earned $2.17 earnings per share. The company's quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued 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 (DPR) is presently 29.87%.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Barclays decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $397.00.

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.