Obermeyer Wealth Partners Has $26.37 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Obermeyer Wealth Partners raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1,359.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,559 shares of the specialty chemicals company's stock after purchasing an additional 72,244 shares during the period. Sherwin-Williams accounts for 1.4% of Obermeyer Wealth Partners' portfolio, making the stock its 27th largest position. Obermeyer Wealth Partners' holdings in Sherwin-Williams were worth $26,365,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Czech National Bank grew its stake in Sherwin-Williams by 6.3% during the fourth quarter. Czech National Bank now owns 50,239 shares of the specialty chemicals company's stock worth $17,078,000 after buying an additional 2,963 shares during the period. Threadgill Financial LLC grew its stake in Sherwin-Williams by 153.6% during the fourth quarter. Threadgill Financial LLC now owns 7,177 shares of the specialty chemicals company's stock worth $2,440,000 after buying an additional 4,347 shares during the period. Capital Investment Advisors LLC grew its stake in Sherwin-Williams by 5.6% during the fourth quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company's stock worth $251,000 after buying an additional 39 shares during the period. Wedmont Private Capital boosted its stake in shares of Sherwin-Williams by 9.5% in the fourth quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company's stock valued at $938,000 after purchasing an additional 246 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Sherwin-Williams by 336.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 6,625 shares of the specialty chemicals company's stock valued at $2,252,000 after purchasing an additional 5,106 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $1.77 during trading hours on Friday, reaching $363.22. The company's stock had a trading volume of 892,926 shares, compared to its average volume of 1,761,274. The company's 50 day simple moving average is $341.61 and its 200 day simple moving average is $355.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market cap of $91.02 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Citigroup decreased their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $397.00.

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.