BCS Wealth Management Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

BCS Wealth Management acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,739 shares of the specialty chemicals company’s stock, valued at approximately $1,271,000.

Several other large investors have also modified their holdings of SHW. Miracle Mile Advisors LLC raised its position in shares of Sherwin-Williams by 336.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 6,625 shares of the specialty chemicals company’s stock worth $2,252,000 after buying an additional 5,106 shares during the period. Wedmont Private Capital increased its stake in Sherwin-Williams by 9.5% during the fourth quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company’s stock worth $938,000 after acquiring an additional 246 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Sherwin-Williams by 5.6% in the 4th quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company’s stock worth $251,000 after purchasing an additional 39 shares during the period. Threadgill Financial LLC lifted its stake in shares of Sherwin-Williams by 153.6% in the 4th quarter. Threadgill Financial LLC now owns 7,177 shares of the specialty chemicals company’s stock valued at $2,440,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Sherwin-Williams by 6.3% during the 4th quarter. Czech National Bank now owns 50,239 shares of the specialty chemicals company’s stock worth $17,078,000 after purchasing an additional 2,963 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SHW shares. Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Finally, Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $402.25.

Sherwin-Williams Trading Up 1.9 %

SHW opened at $336.36 on Tuesday. The stock has a market capitalization of $84.71 billion, a PE ratio of 33.50, a P/E/G ratio of 2.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm’s fifty day moving average price is $366.56 and its 200 day moving average price is $358.81.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.20 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.85%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

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.