Larson Financial Group LLC Has $538,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Larson Financial Group LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 13,169.2% in the fourth quarter, HoldingsChannel reports. The fund owned 1,725 shares of the specialty chemicals company’s stock after acquiring an additional 1,712 shares during the period. Larson Financial Group LLC’s holdings in Sherwin-Williams were worth $538,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sherwin-Williams by 16.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after acquiring an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $38,444,000. Machina Capital S.A.S. boosted its holdings in shares of Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after buying an additional 5,801 shares during the last quarter. AIA Group Ltd grew its stake in shares of Sherwin-Williams by 20.8% in the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after buying an additional 2,810 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in Sherwin-Williams during the third quarter worth $4,517,000. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 2.2 %

Shares of SHW opened at $302.34 on Wednesday. The stock has a market capitalization of $76.93 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The stock has a fifty day moving average of $328.40 and a 200-day moving average of $298.73.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.92%.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. Evercore ISI cut their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company raised their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Finally, Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.50.

Sherwin-Williams 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.