3,080 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,080 shares of the specialty chemicals company's stock, valued at approximately $961,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company's stock worth $5,421,518,000 after buying an additional 187,478 shares in the last quarter. FMR LLC lifted its holdings in shares of 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 buying an additional 2,146,102 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Sherwin-Williams by 1.5% during the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company's stock worth $1,291,563,000 after buying an additional 75,571 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Sherwin-Williams by 1.1% during the third quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company's stock worth $679,108,000 after buying an additional 28,554 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Sherwin-Williams by 4.4% during the third quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company's stock worth $643,846,000 after buying an additional 106,319 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In related news, 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 sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business'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 of the company's stock, valued at $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 over the last ninety days. Insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 0.4 %

Shares of NYSE:SHW traded up $1.07 during midday trading on Thursday, hitting $304.80. 2,004,847 shares of the stock were exchanged, compared to its average volume of 1,461,671. The stock has a market capitalization of $77.56 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. The business's 50-day moving average price is $328.10 and its 200 day moving average price is $298.81. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams's payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHW shares. UBS Group raised Sherwin-Williams from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a "buy" rating for the company in a research note on Thursday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. Finally, Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $337.37.

About Sherwin-Williams

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.