The Sherwin-Williams Company $SHW Shares Purchased by BCS Wealth Management

Key Points

• BCS Wealth Management more than doubled its stake in The Sherwin‑Williams Company in Q4, adding 3,769 shares to hold 7,508 shares valued at about $2.43 million.
• Q4 results beat expectations: Sherwin‑Williams reported $2.23 EPS vs. $2.16 expected and $5.60B revenue (up 5.6% YoY), and raised its quarterly dividend to $0.80 ($3.20 annual, ~1.0% yield).
• Analysts maintain a consensus of "Moderate Buy" with a $379.77 average target despite recent downward revisions; the analyst mix is roughly 10 Buys and 5 Holds.

BCS Wealth Management lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 100.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,508 shares of the specialty chemicals company's stock after acquiring an additional 3,769 shares during the quarter. BCS Wealth Management's holdings in Sherwin-Williams were worth $2,433,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SHW. Lodestone Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $31,000. Rossby Financial LCC lifted its holdings in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 48 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Sherwin-Williams by 129.8% in the 3rd 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 last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $42,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Sherwin-Williams by 42.4% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 39 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE:SHW opened at $333.56 on Wednesday. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The company's 50 day moving average is $339.04 and its two-hundred day moving average is $338.58. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The company has a market cap of $82.51 billion, a PE ratio of 32.48, a P/E/G 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 EPS for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the firm posted $2.09 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.79. Sherwin-Williams's payout ratio is currently 31.16%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Wells Fargo & Company lowered shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $410.00 to $365.00 in a report on Friday, April 10th. Royal Bank Of Canada decreased their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an "outperform" rating on the stock in a report on Thursday, March 19th. Mizuho cut their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an "outperform" rating on the stock in a research note on Monday, March 23rd. Citigroup cut their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Finally, Zacks Research raised shares of Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $379.77.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the 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 approximately $3,661,101.15. This represents a 20.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Colin M. Davie sold 2,976 shares of the 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 completion of the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company's stock.

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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