Spire Wealth Management Has $5.96 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Spire Wealth Management raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,591 shares of the specialty chemicals company's stock after purchasing an additional 2,698 shares during the quarter. Spire Wealth Management's holdings in Sherwin-Williams were worth $5,956,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SHW. Everhart Financial Group Inc. acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $207,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sherwin-Williams by 6.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,689 shares of the specialty chemicals company's stock worth $11,398,000 after purchasing an additional 2,686 shares during the last quarter. BluePath Capital Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth about $33,000. IFM Investors Pty Ltd raised its stake in shares of Sherwin-Williams by 4.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 49,359 shares of the specialty chemicals company's stock worth $12,589,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Hills Bank & Trust Co acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $274,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on SHW. Citigroup cut their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an "overweight" rating on the stock in a report on Wednesday, April 24th. KeyCorp upgraded shares of Sherwin-Williams from a "sector weight" rating to an "overweight" rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. Royal Bank of Canada cut their target price on Sherwin-Williams from $380.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Finally, Wolfe Research initiated coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. 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 stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $341.39.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of 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 a total of 32,050 shares of company stock valued at $10,340,237 in the last quarter. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $3.63 during trading hours on Monday, hitting $314.93. The stock had a trading volume of 1,533,901 shares, compared to its average volume of 1,487,809. The company has a 50-day moving average of $326.85 and a two-hundred day moving average of $302.34. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The company has a market cap of $79.85 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company's revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $2.04 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is 30.49%.

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.