The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,491 shares of the specialty chemicals company’s stock after acquiring an additional 221 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Sherwin-Williams were worth $2,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 period. FMR LLC lifted its stake in Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after buying an additional 2,146,102 shares in the last quarter. Morgan Stanley lifted its stake in Sherwin-Williams by 1.5% in the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock valued at $1,291,563,000 after buying an additional 75,571 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Sherwin-Williams by 1.1% in the 3rd quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock valued at $679,108,000 after buying an additional 28,554 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Sherwin-Williams by 4.4% in the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock valued at $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.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Robert W. Baird reissued a “neutral” rating and set a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Barclays increased their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Evercore ISI lowered their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Justin T. Binns sold 1,563 shares of the firm’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 of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last three months. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

SHW stock traded down $7.95 on Tuesday, reaching $301.31. The company’s stock had a trading volume of 3,549,790 shares, compared to its average volume of 1,431,630. The company has a market capitalization of $76.67 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The firm has a fifty day moving average of $328.50 and a two-hundred day moving average of $298.39.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $2.04 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders 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 dividend yield of 0.95%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.92%.

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.