W.H. Cornerstone Investments Inc. Has $1.02 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

W.H. Cornerstone Investments Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,283 shares of the specialty chemicals company’s stock after acquiring an additional 133 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Sherwin-Williams were worth $1,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Robeco Institutional Asset Management B.V. grew its stake in shares of Sherwin-Williams by 84.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,880 shares of the specialty chemicals company’s stock worth $11,957,000 after acquiring an additional 21,531 shares during the period. Pinnacle Associates Ltd. increased its position in Sherwin-Williams by 11.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,722 shares of the specialty chemicals company’s stock valued at $694,000 after purchasing an additional 284 shares during the period. Miracle Mile Advisors LLC raised its holdings in Sherwin-Williams by 2.2% in the third quarter. Miracle Mile Advisors LLC now owns 2,688 shares of the specialty chemicals company’s stock worth $685,000 after purchasing an additional 57 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Sherwin-Williams in the third quarter worth $76,000. Finally, Beacon Financial Advisory LLC raised its position in Sherwin-Williams by 15.9% in the 3rd quarter. Beacon Financial Advisory LLC now owns 1,230 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 169 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 25th. 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. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $341.39.

Sherwin-Williams Trading Up 2.2 %

SHW stock traded up $6.84 during midday trading on Friday, hitting $311.30. The stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The firm 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 company’s 50-day moving average price is $327.00 and its 200 day moving average price is $301.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results 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 business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the firm earned $2.04 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on 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 sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the firm’s 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 directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the business’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 in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

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.