Wealth Alliance Has $683,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Wealth Alliance trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,191 shares of the specialty chemicals company’s stock after selling 108 shares during the period. Wealth Alliance’s holdings in Sherwin-Williams were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Norges Bank bought a new position in Sherwin-Williams during the fourth quarter worth $498,336,000. Morgan Stanley boosted its position in Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in Sherwin-Williams during the fourth quarter worth $432,737,000. Finally, PineStone Asset Management Inc. boosted its position in Sherwin-Williams by 263.7% during the third quarter. PineStone Asset Management Inc. now owns 921,772 shares of the specialty chemicals company’s stock worth $235,098,000 after purchasing an additional 668,305 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $310.16 on Thursday. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The stock’s 50 day moving average price is $328.69 and its two-hundred day moving average price is $296.92. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The stock has a market capitalization of $78.92 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Evercore ISI reduced their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Citigroup boosted their target price on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.94.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 in the last ninety days. 0.60% of the stock is currently owned by insiders.

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.