Corient Private Wealth LLC Acquires 42,879 Shares of The Sherwin-Williams Company (NYSE:SHW)

Corient Private Wealth LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,363 shares of the specialty chemicals company’s stock after acquiring an additional 42,879 shares during the quarter. Corient Private Wealth LLC owned 0.05% of Sherwin-Williams worth $42,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. D.A. Davidson & CO. raised its position in Sherwin-Williams by 5.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,396 shares of the specialty chemicals company’s stock worth $2,307,000 after purchasing an additional 353 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after purchasing an additional 116,647 shares during the last quarter. Balentine LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at $255,000. Coldstream Capital Management Inc. boosted its position in Sherwin-Williams by 34.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,731 shares of the specialty chemicals company’s stock valued at $1,475,000 after acquiring an additional 1,210 shares during the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in shares of Sherwin-Williams by 29.7% in the 4th quarter. PineStone Asset Management Inc. now owns 1,195,311 shares of the specialty chemicals company’s stock valued at $372,818,000 after purchasing an additional 273,539 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Evercore ISI raised their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Barclays increased their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Citigroup dropped their target price on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $340.56.

Get Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Stock Down 0.9 %

SHW stock opened at $307.21 on Thursday. The stock has a 50-day simple moving average of $321.70 and a two-hundred day simple moving average of $308.24. The Sherwin-Williams Company has a twelve month low of $223.28 and a twelve month high of $348.37. The firm has a market capitalization of $77.89 billion, a PE ratio of 32.75, a PEG ratio of 2.49 and a beta of 1.18. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the firm posted $2.04 EPS. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders sold a total of 29,601 shares of company stock worth $9,572,378 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

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.

Further Reading

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

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