Clear Creek Financial Management LLC Buys Shares of 3,162 The Sherwin-Williams Company $SHW

Key Points

• Clear Creek Financial Management bought a new stake of 3,162 shares in The Sherwin-Williams Company valued at about $1.03 million, and overall institutional investors now own 77.67% of the stock.
• Company insiders trimmed positions recently—SVP Bryan J. Young sold 2,513 shares at an average of $364.47 and Colin M. Davie sold 2,976 shares at $359.50—leaving insiders with just 0.23% ownership.
• Sherwin‑Williams beat Q4 expectations with $2.23 EPS (vs. $2.16 est.) and revenue of $5.60B (+5.6% YoY), raised its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield), and carries a market cap of about $83.1B with an average analyst target near $379.77.

Clear Creek Financial Management LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,162 shares of the specialty chemicals company's stock, valued at approximately $1,025,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Sherwin-Williams by 73.6% in 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 in the last quarter. Empowered Funds LLC increased its stake in shares of Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock worth $2,178,000 after purchasing an additional 626 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Sherwin-Williams in the second quarter worth $1,210,000. Sei Investments Co. increased its stake in shares of Sherwin-Williams by 43.6% in the second quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company's stock worth $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co increased its stake in shares of Sherwin-Williams by 4.8% in the second quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company's stock worth $1,116,000 after purchasing an additional 148 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Colin M. Davie sold 2,976 shares of the stock in a transaction 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 transaction, the insider owned 5,365 shares of the company's stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $335.99 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The firm has a fifty day moving average price of $340.01 and a 200 day moving average price of $338.72. The Sherwin-Williams Company has a fifty-two week low of $301.58 and a fifty-two week high of $379.65. The firm has a market cap of $83.11 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.91 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share 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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. Sherwin-Williams's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHW shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Friday, March 27th. Mizuho reduced their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating for the company in a research note on Monday, March 23rd. Zacks Research raised shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an "outperform" rating for the company in a research note on Thursday, March 19th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $379.77.

About Sherwin-Williams

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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