The Sherwin-Williams Company (NYSE:SHW) Stake Raised by Threadgill Financial LLC

Threadgill Financial LLC grew its position in The Sherwin-Williams Company (NYSE:SHW) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,108 shares of the specialty chemicals company’s stock after acquiring an additional 76 shares during the period. Sherwin-Williams makes up 4.0% of Threadgill Financial LLC’s portfolio, making the stock its 10th biggest holding. Threadgill Financial LLC’s holdings in Sherwin-Williams were worth $5,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $25,000. Union Savings Bank acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $28,000. Providence Capital Advisors LLC boosted its position in shares of Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 6,728 shares in the last quarter. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Barclays boosted their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Mizuho dropped their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Wells Fargo & Company upped their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.39.

Sherwin-Williams Stock Up 1.4 %

Shares of Sherwin-Williams stock opened at $346.95 on Thursday. The business has a 50-day moving average of $321.19 and a 200-day moving average of $289.39. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The company has a market capitalization of $88.28 billion, a PE ratio of 37.51, a P/E/G ratio of 2.53 and a beta of 1.15. The Sherwin-Williams Company has a 1-year low of $210.92 and a 1-year high of $347.71.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, February 23rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.92%.

Insider Activity

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. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 32,050 shares of company stock worth $10,340,237 over the last ninety days. Corporate 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.