Wallace Advisory Group LLC Purchases 3,894 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wallace Advisory Group LLC grew its position in The Sherwin-Williams Company (NYSE:SHW) by 352.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,999 shares of the specialty chemicals company’s stock after acquiring an additional 3,894 shares during the quarter. Sherwin-Williams accounts for 1.2% of Wallace Advisory Group LLC’s portfolio, making the stock its 16th biggest holding. Wallace Advisory Group LLC’s holdings in Sherwin-Williams were worth $1,699,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $29,000. Semmax Financial Advisors Inc. increased its position in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at $32,000. Finally, GHP Investment Advisors Inc. grew its position in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SHW shares. Robert W. Baird upped their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $402.25.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.9 %

Shares of NYSE SHW opened at $336.36 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock has a market capitalization of $84.71 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business has a fifty day moving average price of $366.56 and a 200 day moving average price of $358.81.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company earned $3.20 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

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.