Savvy Advisors Inc. Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Savvy Advisors Inc. has acquired 803 shares of The Sherwin-Williams Company, with a total investment of approximately $280,000.
• Several institutional investors have also increased their stakes in Sherwin-Williams, with hedge funds collectively owning 77.67% of the company's stock.
• Sherwin-Williams reported $3.38 earnings per share for the quarter, falling short of analysts' expectations, while the company's revenue was up 0.6% year-over-year.

Savvy Advisors Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 803 shares of the specialty chemicals company's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. GAMMA Investing LLC boosted its holdings in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the period. Capital Research Global Investors boosted its holdings in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares during the period. Barclays PLC boosted its holdings in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after acquiring an additional 728,798 shares during the period. Northern Trust Corp boosted its holdings in shares of Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Sherwin-Williams by 223.1% in the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after acquiring an additional 424,930 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $1.55 during trading hours on Friday, hitting $363.23. The stock had a trading volume of 418,794 shares, compared to its average volume of 1,788,346. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The stock has a market capitalization of $90.56 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.49 and a beta of 1.16. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The stock's fifty day moving average is $345.87 and its two-hundred day moving average is $348.00.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $3.70 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% 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 currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley cut their price target on 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. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets cut their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group cut their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $388.60.

Sherwin-Williams Company 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.