Waverly Advisors LLC Purchases 1,525 Shares of The Sherwin-Williams Company (NYSE:SHW)

Waverly Advisors LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 124.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,754 shares of the specialty chemicals company's stock after acquiring an additional 1,525 shares during the period. Waverly Advisors LLC's holdings in Sherwin-Williams were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter worth approximately $36,000. WR Wealth Planners LLC increased its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams during the fourth quarter worth $41,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 1.3%

Shares of SHW stock traded down $4.60 on Wednesday, hitting $354.72. 791,828 shares of the company's stock traded hands, compared to its average volume of 1,758,647. The stock has a market capitalization of $88.89 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.98 and a beta of 1.25. The company's fifty day simple moving average is $343.81 and its 200 day simple moving average is $354.28. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.17 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. Sherwin-Williams's payout ratio is presently 29.87%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SHW. Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.