The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Carderock Capital Management Inc.

Carderock Capital Management Inc. raised its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,423 shares of the specialty chemicals company’s stock after acquiring an additional 3,521 shares during the quarter. Sherwin-Williams accounts for about 2.4% of Carderock Capital Management Inc.’s holdings, making the stock its 11th biggest position. Carderock Capital Management Inc.’s holdings in Sherwin-Williams were worth $8,865,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Sherwin-Williams in the third quarter valued at $25,000. Union Savings Bank acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $28,000. Providence Capital Advisors LLC raised its stake in shares of Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 6,728 shares during the last quarter. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $32,000. Finally, BluePath Capital Management LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams 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 transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams 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 transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction 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 transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Barclays lifted their price objective 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. Mizuho dropped their price objective on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, Argus lifted their price objective on Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. One investment 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. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $320.39.

Check Out Our Latest Analysis on Sherwin-Williams

Sherwin-Williams Stock Performance

Shares of SHW opened at $334.37 on Thursday. The business’s fifty day moving average price is $324.97 and its 200 day moving average price is $292.02. The Sherwin-Williams Company has a 12-month low of $220.22 and a 12-month high of $348.37. The stock has a market capitalization of $85.08 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 2.47 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.

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

Sherwin-Williams Increases Dividend

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

Sherwin-Williams Profile

(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.

Featured Articles

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.