Westview Management dba Westview Investment Advisors Makes New $2.66 Million Investment in The Sherwin-Williams Company $SHW

Westview Management dba Westview Investment Advisors purchased a new position in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,193 shares of the specialty chemicals company’s stock, valued at approximately $2,655,000.

Other large investors also recently made changes to their positions in the company. Modera Wealth Management LLC raised its stake in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares in the last quarter. Alpine Bank Wealth Management lifted its holdings in Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Sherwin-Williams by 1.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares during the period. Atlas Brown Inc. grew its holdings in Sherwin-Williams by 1.0% during the third quarter. Atlas Brown Inc. now owns 3,275 shares of the specialty chemicals company’s stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Finally, Field & Main Bank grew its holdings in Sherwin-Williams by 1.9% during the third quarter. Field & Main Bank now owns 1,835 shares of the specialty chemicals company’s stock valued at $635,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of analyst reports. Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of 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. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada lowered their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.21.

Sherwin-Williams Trading Down 2.3%

Shares of Sherwin-Williams stock opened at $303.25 on Monday. The Sherwin-Williams Company has a 1 year low of $301.58 and a 1 year high of $379.65. The company’s fifty day simple moving average is $349.53 and its 200-day simple moving average is $342.44. The company has a market cap of $75.01 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.63 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company earned $2.09 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed 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 represents a $3.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is presently 31.16%.

Insider Transactions at Sherwin-Williams

In related news, 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 transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

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.