Cannell & Co. Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Cannell & Co. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,717 shares of the specialty chemicals company’s stock after acquiring an additional 81 shares during the quarter. Cannell & Co.’s holdings in Sherwin-Williams were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sherwin-Williams by 16.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after acquiring an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $38,444,000. Machina Capital S.A.S. increased its position in shares of Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 5,801 shares during the period. AIA Group Ltd increased its position in shares of Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after acquiring an additional 2,810 shares during the period. Finally, Pearl River Capital LLC purchased a new position in shares of Sherwin-Williams during the third quarter worth approximately $4,517,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last three months. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.3 %

NYSE:SHW opened at $303.36 on Thursday. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The firm has a fifty day simple moving average of $327.54 and a 200-day simple moving average of $300.61. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $77.19 billion, a P/E ratio of 32.34, a PEG ratio of 2.41 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted 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 for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s payout ratio is currently 30.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their price objective 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. Finally, UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $312.00 to $402.00 in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $341.39.

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.