Atlas Legacy Advisors LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Atlas Legacy Advisors LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 904 shares of the specialty chemicals company’s stock, valued at approximately $307,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in Sherwin-Williams by 135.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 137 shares during the last quarter. Signaturefd LLC grew its stake in shares of Sherwin-Williams by 3.6% in the 3rd quarter. Signaturefd LLC now owns 5,367 shares of the specialty chemicals company’s stock worth $2,048,000 after buying an additional 188 shares during the last quarter. Eastern Bank purchased a new stake in Sherwin-Williams during the 3rd quarter valued at $422,000. Private Advisor Group LLC boosted its stake in Sherwin-Williams by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 19,740 shares of the specialty chemicals company’s stock valued at $7,534,000 after purchasing an additional 315 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Sherwin-Williams during the 3rd quarter valued at $8,372,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho decreased their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Barclays raised their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW stock opened at $351.39 on Thursday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market capitalization of $88.50 billion, a PE ratio of 33.31, a PEG ratio of 3.08 and a beta of 1.22. The stock has a fifty day simple moving average of $351.78 and a two-hundred day simple moving average of $365.30.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the firm posted $1.81 earnings per share. On average, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 27.11%.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

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.