Golden Reserve Retirement LLC Buys Shares of 3,016 The Sherwin-Williams Company $SHW

Key Points

• Golden Reserve Retirement LLC bought a new stake of 3,016 shares of The Sherwin‑Williams Company in Q4, valued at approximately $977,000.
• Sherwin‑Williams beat Q4 expectations with $2.23 EPS vs. a $2.16 consensus and revenue of $5.60 billion (up 5.6% YoY), while the company trades at a P/E of 32.83 and carries a market cap around $83.4 billion.
• The company announced a quarterly dividend of $0.80 (annualized $3.20, yield ~0.9%) payable June 5, amid recent insider selling and high institutional ownership (about 77.67% of shares).

Golden Reserve Retirement LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,016 shares of the specialty chemicals company's stock, valued at approximately $977,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cordatus Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company's stock worth $3,320,000 after purchasing an additional 5,744 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Sherwin-Williams by 16.1% during the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company's stock worth $43,536,000 after purchasing an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company's stock worth $10,709,000 after purchasing an additional 6,408 shares in the last quarter. Mairs & Power Inc. grew its holdings in shares of Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company's stock worth $160,680,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in shares of Sherwin-Williams during the third quarter worth about $1,069,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $337.21 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 Sherwin-Williams Company has a fifty-two week low of $301.58 and a fifty-two week high of $379.65. The stock has a 50 day moving average price of $334.47 and a two-hundred day moving average price of $338.31. The company has a market capitalization of $83.41 billion, a P/E ratio of 32.83, a PEG ratio of 2.90 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business's revenue was up 5.6% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 11.82 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.80 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams's payout ratio is presently 31.16%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. Royal Bank Of Canada cut their price objective on Sherwin-Williams from $390.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 19th. UBS Group cut their price objective on Sherwin-Williams from $420.00 to $380.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Sherwin-Williams in a report on Friday, March 27th. Wells Fargo & Company lowered Sherwin-Williams from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $410.00 to $365.00 in a report on Friday, April 10th. Finally, Bank of America cut their price objective on Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating for the company in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $379.08.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the company'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 transaction 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 represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the company'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 transaction, the senior vice president owned 10,045 shares of the company's stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is 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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