Chilton Investment Co. Inc. Boosts Holdings in The Sherwin-Williams Company $SHW

Key Points

• Chilton Investment Co. raised its stake in Sherwin‑Williams by 3.4% to 1,012,856 shares (about $350.7M), making SHW 7.1% of Chilton’s portfolio and its third-largest holding.
• Sherwin‑Williams beat the latest quarterly estimates (EPS $2.23 vs. $2.16; revenue $5.60B vs. $5.57B) and raised its quarterly dividend to $0.80 ($3.20 annual), with strong profitability metrics (ROE ~65%).
• Corporate insiders have recently sold shares (notably SVP Bryan J. Young and Colin M. Davie), while analysts maintain a consensus “Moderate Buy” rating with an average price target of $388.21.

Chilton Investment Co. Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,012,856 shares of the specialty chemicals company's stock after buying an additional 33,063 shares during the quarter. Sherwin-Williams comprises 7.1% of Chilton Investment Co. Inc.'s investment portfolio, making the stock its 3rd biggest position. Chilton Investment Co. Inc. owned about 0.41% of Sherwin-Williams worth $350,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 44 shares during the period. Rossby Financial LCC lifted its position 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 worth $33,000 after acquiring an additional 48 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth $36,000. Finally, True Wealth Design LLC boosted its holdings 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 acquiring an additional 61 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of the firm's 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 directly owned 10,045 shares of the company's stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on 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 sale, the insider owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group set a $420.00 price target on Sherwin-Williams in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective on the stock. in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sherwin-Williams in a report on Monday, December 29th. Citigroup reiterated a "buy" rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, Zacks Research downgraded shares of Sherwin-Williams from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $388.21.

Sherwin-Williams Trading Up 0.6%

Shares of SHW stock opened at $319.62 on Friday. The company has a market capitalization of $79.06 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The business's fifty day moving average is $352.08 and its 200 day moving average is $344.38. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.16%.

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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