Palumbo Wealth Management LLC Has $1.33 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Palumbo Wealth Management LLC raised its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,247 shares of the specialty chemicals company’s stock after acquiring an additional 399 shares during the period. Palumbo Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SHW. Roundview Capital LLC increased its position in shares of Sherwin-Williams by 8.1% during the 1st quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock worth $2,013,000 after purchasing an additional 607 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Sherwin-Williams by 189.1% during the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock worth $2,598,000 after buying an additional 6,808 shares in the last quarter. Sei Investments Co. raised its stake in shares of Sherwin-Williams by 26.5% in the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after acquiring an additional 24,884 shares during the last quarter. Prudential PLC acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $1,231,000. Finally, Cetera Investment Advisers grew its position in Sherwin-Williams by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock worth $2,842,000 after acquiring an additional 287 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last quarter. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Evercore ISI upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $320.39.

View Our Latest Stock Report on SHW

Sherwin-Williams Trading Down 2.7 %

NYSE SHW opened at $337.94 on Tuesday. The Sherwin-Williams Company has a 12 month low of $220.22 and a 12 month high of $348.37. The stock has a 50-day simple moving average of $323.79 and a 200 day simple moving average of $291.02. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $85.99 billion, a PE ratio of 36.53, a P/E/G ratio of 2.57 and a beta of 1.15.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the company earned $1.89 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.92%.

Sherwin-Williams Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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