Brendel Financial Advisors LLC Purchases Shares of 44,355 The Sherwin-Williams Company (NYSE:SHW)

Brendel Financial Advisors LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,355 shares of the specialty chemicals company's stock, valued at approximately $13,834,000. Sherwin-Williams makes up about 9.1% of Brendel Financial Advisors LLC's holdings, making the stock its largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company's stock worth $5,421,518,000 after acquiring an additional 187,478 shares during the last quarter. FMR LLC increased its position in Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company's stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the last quarter. Morgan Stanley raised its stake in Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company's stock worth $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company's stock valued at $936,902,000 after purchasing an additional 73,605 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sherwin-Williams by 13.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company's stock valued at $742,334,000 after buying an additional 321,529 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.1 %

Shares of SHW traded down $3.42 during midday trading on Friday, hitting $305.96. The company had a trading volume of 1,563,345 shares, compared to its average volume of 1,145,663. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The firm has a market capitalization of $77.85 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The company's 50-day simple moving average is $328.52 and its 200-day simple moving average is $298.00.

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

Sherwin-Williams Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 1,830 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company's stock, valued at approximately $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction on Friday, February 23rd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last ninety days. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SHW. Citigroup increased their price objective on Sherwin-Williams from $360.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Wolfe Research started coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a "peer perform" rating on the stock. Northcoast Research raised shares of Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 target price for the company in a research note on Tuesday, February 27th. Barclays boosted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Finally, UBS Group raised shares of Sherwin-Williams from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $325.94.

Sherwin-Williams Company 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.