B. Metzler seel. Sohn & Co. AG Increases Stake in The Sherwin-Williams Company $SHW

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in The Sherwin‑Williams Company by 4.3% in Q3, purchasing 4,953 shares to hold 120,298 shares worth about $41.65 million, and institutional investors now own 77.67% of the stock.
• Sherwin‑Williams beat expectations with Q1 EPS of $2.23 (vs. $2.16 est.) and revenue of $5.60 billion (up 5.6% YoY), and the company raised its quarterly dividend to $0.80 per share (annualized $3.20, ~1.0% yield).
• Insider selling was reported in February, with Colin M. Davie and SVP Bryan J. Young selling shares and reducing their positions; company insiders now own 0.60% of outstanding stock.

B. Metzler seel. Sohn & Co. AG increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,298 shares of the specialty chemicals company's stock after buying an additional 4,953 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Sherwin-Williams were worth $41,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares during the period. Empowered Funds LLC boosted its stake in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Sigma Planning Corp boosted its position in Sherwin-Williams by 2.5% during the second quarter. Sigma Planning Corp now owns 1,879 shares of the specialty chemicals company's stock worth $645,000 after purchasing an additional 46 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Sherwin-Williams by 571.1% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 4,785 shares of the specialty chemicals company's stock valued at $1,643,000 after buying an additional 4,072 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Sherwin-Williams by 50.7% during the second quarter. Golden State Wealth Management LLC now owns 208 shares of the specialty chemicals company's stock valued at $71,000 after purchasing an additional 70 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares of the company's stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryan J. Young sold 2,513 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company's stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 1.7%

Shares of NYSE:SHW opened at $329.77 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The firm has a fifty day moving average price of $352.17 and a 200 day moving average price of $345.87. The stock has a market cap of $81.57 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.86 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the firm posted $2.09 EPS. Sherwin-Williams's quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams's dividend payout ratio is 31.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHW shares. Citigroup reaffirmed a "buy" rating on shares of Sherwin-Williams in a research note on Monday, January 19th. UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Mizuho increased their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price target for the company. in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.67.

Sherwin-Williams Company Profile

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.