Duality Advisers LP Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Duality Advisers LP grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 131.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,705 shares of the specialty chemicals company’s stock after acquiring an additional 1,534 shares during the quarter. Duality Advisers LP’s holdings in Sherwin-Williams were worth $844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHW. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $28,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $32,000. BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.5 %

Sherwin-Williams stock opened at $303.74 on Thursday. The stock has a market cap of $77.29 billion, a P/E ratio of 32.38, a PEG ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The firm’s 50 day moving average price is $328.26 and its 200-day moving average price is $298.77.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict 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. Investors of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SHW shares. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Citigroup increased their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Evercore ISI lowered their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Robert W. Baird increased their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $336.89.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s 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 directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction on Monday, February 26th. The stock was 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 of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by corporate insiders.

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.