Mosaic Advisors LLC Takes Position in The Sherwin-Williams Company $SHW

Mosaic Advisors LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,641 shares of the specialty chemicals company’s stock, valued at approximately $3,338,000. Sherwin-Williams makes up approximately 8.1% of Mosaic Advisors LLC’s holdings, making the stock its 6th biggest holding.

Other large investors have also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth about $26,000. Vermillion & White Wealth Management Group LLC grew its stake in Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Rossby Financial LCC grew its stake in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $36,000. Finally, True Wealth Design LLC increased its holdings in shares of Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the subject of several research reports. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.67.

Insiders Place Their Bets

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 1.7%

Shares of NYSE SHW opened at $329.77 on Monday. The business has a 50 day simple moving average of $352.17 and a 200 day simple moving average of $345.72. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The stock has a market cap of $81.57 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.86 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is 31.16%.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.