Blair William & Co. IL Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Blair William & Co. IL increased its stake in The Sherwin‑Williams Company by 89.5% in Q3 to 75,557 shares, valued at about $26.16 million.
• Sherwin‑Williams beat Q4 estimates with $2.23 EPS (vs. $2.16 expected) and $5.60B revenue (up 5.6% YoY), and raised its quarterly dividend to $0.80 ($3.20 annualized, ~1.0% yield; ex‑dividend March 2).
• Analysts hold a consensus of "Moderate Buy" with an average price target of $387.67 (11 Buys, 5 Holds, 1 Sell), while institutional investors own about 77.7% of the stock.

Blair William & Co. IL lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 89.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,557 shares of the specialty chemicals company's stock after buying an additional 35,683 shares during the period. Blair William & Co. IL's holdings in Sherwin-Williams were worth $26,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC purchased a new position in Sherwin-Williams in the 2nd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 44 shares during the period. Rossby Financial LCC boosted its stake in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 48 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $36,000. Finally, True Wealth Design LLC increased its stake in shares of Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 61 shares during the period. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 1.7%

Shares of SHW opened at $329.77 on Friday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The firm's 50-day moving average price is $352.17 and its 200-day moving average price is $345.87. The firm has a market capitalization of $81.57 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.86 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Sherwin-Williams's revenue was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHW shares. Zacks Research cut shares of Sherwin-Williams from a "hold" rating to a "strong sell" rating in a research report on Friday, January 30th. Vertical Research upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price objective on the stock in a research report on Wednesday, January 7th. Citigroup reiterated a "buy" rating on shares of Sherwin-Williams in a report on Monday, January 19th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an "outperform" rating in a research note on Friday, January 30th. Finally, Mizuho boosted their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an "outperform" rating in a report on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $387.67.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 in the company, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

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.

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