Creekmur Asset Management LLC Takes $278,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Creekmur Asset Management LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 891 shares of the specialty chemicals company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American International Group Inc. increased its position in Sherwin-Williams by 0.9% during the 4th quarter. American International Group Inc. now owns 68,605 shares of the specialty chemicals company’s stock valued at $21,398,000 after purchasing an additional 618 shares during the period. Beaird Harris Wealth Management LLC increased its holdings in Sherwin-Williams by 13.5% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 15,150 shares of the specialty chemicals company’s stock valued at $4,725,000 after buying an additional 1,806 shares during the period. Syon Capital LLC raised its stake in Sherwin-Williams by 63.9% in the fourth quarter. Syon Capital LLC now owns 1,764 shares of the specialty chemicals company’s stock worth $550,000 after buying an additional 688 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in Sherwin-Williams by 68.9% during the fourth quarter. Centaurus Financial Inc. now owns 1,417 shares of the specialty chemicals company’s stock worth $442,000 after buying an additional 578 shares during the period. Finally, Cim LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $2,280,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW traded down $3.46 on Friday, reaching $296.99. 927,859 shares of the company’s stock traded hands, compared to its average volume of 1,851,998. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. 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 cap of $75.30 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.42 and a beta of 1.17. The stock has a 50 day moving average price of $308.69 and a 200-day moving average price of $312.19.

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 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 firm’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $2.04 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research report on Thursday, April 25th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Tuesday, February 27th. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $343.41.

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.