The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI boosted its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,718 shares of the specialty chemicals company’s stock after acquiring an additional 65 shares during the period. Parsons Capital Management Inc. RI’s holdings in Sherwin-Williams were worth $848,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Sherwin-Williams in the third quarter worth approximately $25,000. Union Savings Bank bought a new position in shares of Sherwin-Williams during the 3rd quarter worth about $28,000. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at about $35,000. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the third quarter worth approximately $32,000. Finally, BluePath Capital Management LLC acquired a new position in Sherwin-Williams in the third quarter valued at approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now 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 through this link. Also, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction dated 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 directly 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 three months. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

Shares of Sherwin-Williams stock opened at $333.96 on Wednesday. The firm has a market capitalization of $84.98 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.50 and a beta of 1.15. The Sherwin-Williams Company has a 12-month low of $220.22 and a 12-month high of $348.37. The firm’s 50 day simple moving average is $324.40 and its two-hundred day simple moving average is $291.51. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share. Analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s dividend payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. Argus raised their target price on shares of Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a research report on Tuesday, February 27th. The Goldman Sachs Group upped their target price on shares of Sherwin-Williams from $295.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $320.39.

Get Our Latest Stock Analysis on Sherwin-Williams

About Sherwin-Williams

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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