Calamos Advisors LLC Acquires 34,928 Shares of The Sherwin-Williams Company (NYSE:SHW)

Calamos Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 73.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,619 shares of the specialty chemicals company's stock after buying an additional 34,928 shares during the quarter. Calamos Advisors LLC's holdings in Sherwin-Williams were worth $25,769,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SHW. OFI Invest Asset Management bought a new position in Sherwin-Williams in the third quarter valued at approximately $25,000. Union Savings Bank bought a new position in Sherwin-Williams in the third quarter valued at approximately $28,000. Providence Capital Advisors LLC grew its stake in Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 6,728 shares in the last quarter. Lee Financial Co bought a new position in Sherwin-Williams in the third quarter valued at approximately $32,000. Finally, BluePath Capital Management LLC bought a new position in Sherwin-Williams in the third quarter valued at approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares of the company's stock, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Gregory P. Sofish sold 1,830 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares of the company's stock, valued at approximately $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of SHW traded down $3.42 during midday trading on Friday, hitting $305.96. The company's stock had a trading volume of 1,560,671 shares, compared to its average volume of 1,402,321. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company's fifty day simple moving average is $328.64 and its two-hundred day simple moving average is $297.00.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams's payout ratio is presently 30.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHW shares. UBS Group raised Sherwin-Williams from a "neutral" rating to a "buy" rating and raised their price objective for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Seaport Res Ptn cut Sherwin-Williams from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. Argus raised their price objective on Sherwin-Williams from $330.00 to $378.00 and gave the company a "buy" rating in a research report on Thursday, December 21st. Wolfe Research started coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. Finally, Barclays raised their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $325.94.

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.