3,280 Shares in The Sherwin-Williams Company $SHW Acquired by Demming Financial Services Corp ADV

Demming Financial Services Corp ADV acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,280 shares of the specialty chemicals company’s stock, valued at approximately $1,063,000. Sherwin-Williams comprises about 0.8% of Demming Financial Services Corp ADV’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC grew its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares in the last quarter. Intrua Financial LLC acquired a new stake in Sherwin-Williams during the second quarter valued at approximately $300,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Sherwin-Williams by 6.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,544 shares of the specialty chemicals company’s stock worth $19,415,000 after buying an additional 3,556 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Sherwin-Williams by 77.2% in the 2nd quarter. SG Americas Securities LLC now owns 54,424 shares of the specialty chemicals company’s stock valued at $18,687,000 after acquiring an additional 23,708 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $319.62 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The firm’s 50 day moving average is $352.08 and its 200-day moving average is $344.21. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The stock has a market capitalization of $79.06 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.77 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Insider Transactions at Sherwin-Williams

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

Analyst Ratings Changes

A number of research firms have issued reports on SHW. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd. Mizuho raised their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.21.

Sherwin-Williams Company Profile

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.