Brendel Financial Advisors LLC Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Brendel Financial Advisors LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,355 shares of the specialty chemicals company’s stock, valued at approximately $13,834,000. Sherwin-Williams makes up 9.1% of Brendel Financial Advisors LLC’s holdings, making the stock its biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI bought a new position in shares of Sherwin-Williams in the fourth quarter valued at $284,000. Handelsbanken Fonder AB boosted its position in Sherwin-Williams by 33.6% during the fourth quarter. Handelsbanken Fonder AB now owns 90,879 shares of the specialty chemicals company’s stock worth $28,345,000 after purchasing an additional 22,835 shares during the period. CWM LLC boosted its position in Sherwin-Williams by 9.5% during the fourth quarter. CWM LLC now owns 6,276 shares of the specialty chemicals company’s stock worth $1,957,000 after purchasing an additional 547 shares during the period. Verdence Capital Advisors LLC bought a new position in Sherwin-Williams during the fourth quarter worth $226,000. Finally, Lindbrook Capital LLC boosted its position in Sherwin-Williams by 90.3% during the fourth quarter. Lindbrook Capital LLC now owns 824 shares of the specialty chemicals company’s stock worth $257,000 after purchasing an additional 391 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Wells Fargo & Company lifted their price objective 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. Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Mizuho dropped their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $325.94.

Sherwin-Williams Price Performance

NYSE SHW traded down $3.42 during trading on Friday, hitting $305.96. 1,563,345 shares of the company’s stock were exchanged, compared to its average volume of 1,145,663. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The company has a market cap of $77.85 billion, a PE ratio of 33.08, a P/E/G ratio of 2.42 and a beta of 1.15. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The stock’s 50 day moving average price is $328.52 and its two-hundred day moving average price is $297.71.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm 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 business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.92%.

Insiders Place Their Bets

In other 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 transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other 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 transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following 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. Over the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate 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.