Resolute Wealth Strategies LLC Has $383,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Resolute Wealth Strategies LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,228 shares of the specialty chemicals company’s stock after selling 73 shares during the quarter. Resolute Wealth Strategies LLC’s holdings in Sherwin-Williams were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Sherwin-Williams by 16.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after buying an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Sherwin-Williams during the 4th quarter valued at $38,444,000. Machina Capital S.A.S. boosted its position in Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 5,801 shares during the period. AIA Group Ltd boosted its position in Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares during the period. Finally, Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams in the third quarter valued at $4,517,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at $9,187,743.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $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. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price for the company in a research note on Thursday, April 25th. BMO Capital Markets restated an “outperform” rating and set a $377.00 price objective (down previously from $385.00) on shares of Sherwin-Williams in a report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Evercore ISI lowered their price objective on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $341.39.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $6.84 during trading hours on Friday, hitting $311.30. 2,027,799 shares of the stock were exchanged, compared to its average volume of 1,681,363. The company’s fifty day simple moving average is $327.00 and its two-hundred day simple moving average is $301.05. The company has a market cap of $78.93 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.50 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 debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 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.