Baldwin Investment Management LLC Takes $224,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Baldwin Investment Management LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHWFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 717 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. First Hawaiian Bank boosted its stake in shares of Sherwin-Williams by 0.5% in the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after purchasing an additional 34 shares in the last quarter. Tsfg LLC grew its position in Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Sherwin-Williams by 5.5% during the 4th quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 35 shares in the last quarter. Ellsworth Advisors LLC raised its position in Sherwin-Williams by 0.9% in the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 36 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in Sherwin-Williams by 3.5% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock worth $342,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $291.95 on Friday. 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 Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37. The company’s 50 day moving average price is $312.33 and its two-hundred day moving average price is $311.41. The company has a market capitalization of $74.02 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.17.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Mizuho lowered their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price objective for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Read 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.

Further Reading

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

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