Concurrent Investment Advisors LLC Increases Position in The Sherwin-Williams Company $SHW

Key Points

• Concurrent Investment Advisors LLC increased its position by 26.5%, buying an additional 3,630 shares to own 17,334 shares of Sherwin-Williams valued at about $5.62 million at quarter-end.
• Sherwin-Williams beat Q4 estimates, reporting EPS of $2.23 versus $2.16 and revenue of $5.60 billion (up 5.6% year-over-year); analysts hold a consensus "Moderate Buy" rating with a $379.08 price target.
• The company declared a quarterly dividend of $0.80 (annualized $3.20), with an ex-dividend date and record date of May 22 and a payment date of June 5, representing a yield of about 0.9%.

Concurrent Investment Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,334 shares of the specialty chemicals company's stock after purchasing an additional 3,630 shares during the period. Concurrent Investment Advisors LLC's holdings in Sherwin-Williams were worth $5,617,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Viking Global Investors LP raised its holdings in Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock valued at $672,213,000 after acquiring an additional 985,520 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Sherwin-Williams by 424.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company's stock valued at $177,433,000 after acquiring an additional 443,119 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 1.4% in the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company's stock worth $7,838,532,000 after acquiring an additional 309,153 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $104,826,000. Finally, Amundi grew its position in shares of Sherwin-Williams by 14.0% during the third quarter. Amundi now owns 1,897,769 shares of the specialty chemicals company's stock worth $639,377,000 after purchasing an additional 232,436 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $337.21 on Monday. The business's 50-day moving average is $334.47 and its 200 day moving average is $338.33. The Sherwin-Williams Company has a 12 month low of $301.58 and a 12 month high of $379.65. The company has a market capitalization of $83.41 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.90 and a beta of 1.27. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

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 for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter last year, the business posted $2.09 EPS. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.82 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.16%.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of the business's stock in a transaction 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 approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the company's 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 sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th. Royal Bank Of Canada cut their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 19th. Mizuho reduced their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating on the stock in a research report on Monday, March 23rd. Wells Fargo & Company downgraded shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $410.00 to $365.00 in a report on Friday, April 10th. Finally, Zacks Research upgraded shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $379.08.

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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