SRS Capital Advisors Inc. Purchases 95 Shares of The Sherwin-Williams Company (NYSE:SHW)

SRS Capital Advisors Inc. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,772 shares of the specialty chemicals company’s stock after purchasing an additional 95 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Sherwin-Williams were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SHW. OFI Invest Asset Management bought a new stake in Sherwin-Williams during the third quarter worth $25,000. Union Savings Bank bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth $28,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams in the third quarter valued at about $32,000. BluePath Capital Management LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Sherwin-Williams during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SHW. BMO Capital Markets reiterated an “outperform” rating and issued a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Royal Bank of Canada dropped their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Seaport Res Ptn cut Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Citigroup reduced their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $341.39.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a filing with the SEC, 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 have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $2.07 on Thursday, reaching $305.41. The stock had a trading volume of 864,918 shares, compared to its average volume of 1,472,802. The business’s 50 day moving average is $327.54 and its two-hundred day moving average is $300.61. The company has a market cap of $77.71 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s payout ratio is currently 30.49%.

About Sherwin-Williams

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.