Silver Oak Securities Incorporated Increases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Silver Oak Securities Incorporated grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 140.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 773 shares of the specialty chemicals company’s stock after acquiring an additional 451 shares during the period. Silver Oak Securities Incorporated’s holdings in Sherwin-Williams were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SHW. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after purchasing an additional 187,478 shares during the last quarter. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the last quarter. Morgan Stanley increased its holdings in shares of Sherwin-Williams by 1.5% in the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after purchasing an additional 75,571 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Sherwin-Williams by 1.1% in the third quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock worth $679,108,000 after purchasing an additional 28,554 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Sherwin-Williams by 4.4% in the third quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock worth $643,846,000 after purchasing an additional 106,319 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.3 %

Shares of NYSE SHW opened at $303.36 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market capitalization of $77.19 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.41 and a beta of 1.18. The stock has a 50 day moving average price of $327.54 and a 200 day moving average price of $300.61. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHW. Barclays lifted their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Citigroup reduced their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Mizuho reduced their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $341.39.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

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.