1,702 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Novem Group

Novem Group bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,702 shares of the specialty chemicals company's stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SHW. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC boosted its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. UBS Group reduced their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report 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 report on Tuesday, April 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Stock Performance

SHW opened at $354.12 on Thursday. 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 firm has a market cap of $88.74 billion, a PE ratio of 33.57, a P/E/G ratio of 2.98 and a beta of 1.25. The business has a fifty day simple moving average of $342.43 and a 200-day simple moving average of $355.19. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (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 for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the company earned $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 predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

Insider Buying and Selling

In other 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 value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

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.

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