The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,761 shares of the specialty chemicals company’s stock after acquiring an additional 138 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,278,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SHW. Merit Financial Group LLC raised its stake in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after buying an additional 523 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after buying an additional 209 shares in the last quarter. Park Avenue Securities LLC raised its stake in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after buying an additional 2,303 shares in the last quarter. Kerusso Capital Management LLC raised its stake in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock valued at $3,498,000 after buying an additional 4,439 shares in the last quarter. Finally, Burney Co. raised its stake in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after buying an additional 766 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $349.85 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market capitalization of $88.11 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 3.00 and a beta of 1.22. The business has a 50 day simple moving average of $351.44 and a 200 day simple moving average of $365.20. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 business posted $1.81 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid 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 yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 27.11%.

Analyst Ratings Changes

Several analysts have issued reports on SHW shares. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on 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 directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently 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.