The Sherwin-Williams Company $SHW Shares Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors increased its stake in Sherwin-Williams by 5.4% in Q4 to 180,602 shares (about $58.5M), and institutional investors now own roughly 77.67% of the company.
• Sherwin-Williams beat quarterly expectations with $2.23 EPS vs. $2.16 expected and $5.60B revenue (up 5.6% YoY); analysts' consensus is a "Moderate Buy" with a $379.08 target despite several recent downgrades and lowered price targets.
• The company declared a quarterly dividend of $0.80 ($3.20 annual, 0.9% yield; ex-dividend May 22), while insiders sold shares recently—corporate insiders now own about 0.23% of the stock.

Calamos Advisors LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,602 shares of the specialty chemicals company's stock after acquiring an additional 9,196 shares during the period. Calamos Advisors LLC owned about 0.07% of Sherwin-Williams worth $58,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden Reserve Retirement LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $977,000. N.E.W. Advisory Services LLC raised its holdings in Sherwin-Williams by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 238 shares of the specialty chemicals company's stock valued at $77,000 after acquiring an additional 119 shares in the last quarter. Diversified Enterprises LLC boosted its stake in Sherwin-Williams by 20.1% during the 4th quarter. Diversified Enterprises LLC now owns 819 shares of the specialty chemicals company's stock valued at $265,000 after acquiring an additional 137 shares during the last quarter. Kerusso Capital Management LLC boosted its stake in Sherwin-Williams by 31.4% during the 4th quarter. Kerusso Capital Management LLC now owns 13,092 shares of the specialty chemicals company's stock valued at $4,242,000 after acquiring an additional 3,128 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Sherwin-Williams by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 3,432 shares of the specialty chemicals company's stock worth $1,196,000 after acquiring an additional 64 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHW shares. Wells Fargo & Company downgraded shares of Sherwin-Williams from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $410.00 to $365.00 in a research report on Friday, April 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Friday, March 27th. UBS Group lowered 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. Vertical Research upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price objective on the stock in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 target price on the stock. in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $379.08.

Sherwin-Williams Stock Down 0.1%

Shares of Sherwin-Williams stock opened at $337.21 on Friday. The stock has a market capitalization of $83.41 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.90 and a beta of 1.27. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65. 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 business's 50 day simple moving average is $334.47 and its 200-day simple moving average is $338.31.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.82 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction dated 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 of the company's stock, valued at $3,661,101.15. This represents a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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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