Parkside Financial Bank & Trust Purchases 70 Shares of The Sherwin-Williams Company (NYSE:SHW)

Parkside Financial Bank & Trust lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506 shares of the specialty chemicals company’s stock after acquiring an additional 70 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Sherwin-Williams were worth $158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SHW. First Hawaiian Bank raised its holdings in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after purchasing an additional 34 shares in the last quarter. Tsfg LLC raised its holdings in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares in the last quarter. Ellsworth Advisors LLC raised its holdings in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its holdings in shares of Sherwin-Williams by 4.7% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 38 shares in the last quarter. Finally, Montag A & Associates Inc. increased its holdings in shares of Sherwin-Williams by 2.2% during the third quarter. Montag A & Associates Inc. now owns 1,825 shares of the specialty chemicals company’s stock valued at $465,000 after acquiring an additional 40 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.5 %

Sherwin-Williams stock opened at $303.74 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The stock’s 50 day simple moving average is $328.26 and its two-hundred day simple moving average is $298.77. The firm has a market cap of $77.29 billion, a PE ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the company posted $2.04 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. Evercore ISI cut their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays upped their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday. Finally, Robert W. Baird upped their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $336.89.

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.