AJOVista LLC Makes New $126,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

AJOVista LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 405 shares of the specialty chemicals company’s stock, valued at approximately $126,000.

Several other large investors have also made changes to their positions in SHW. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after purchasing an additional 187,478 shares during the period. FMR LLC lifted its stake in Sherwin-Williams by 65.4% in the 3rd 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 in the last quarter. Morgan Stanley grew its position in shares of Sherwin-Williams by 1.5% during the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock valued at $1,291,563,000 after purchasing an additional 75,571 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Sherwin-Williams by 1.1% in the third quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock worth $679,108,000 after purchasing an additional 28,554 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Sherwin-Williams by 4.4% in the third quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock worth $643,846,000 after buying an additional 106,319 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated 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 in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 2.2 %

Shares of NYSE SHW traded up $6.84 during trading hours on Friday, reaching $311.30. The stock had a trading volume of 2,027,799 shares, compared to its average volume of 1,681,363. The business’s fifty day moving average price is $327.00 and its two-hundred day moving average price is $301.05. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.45 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 EPS. Analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 25th. Evercore ISI dropped their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Wolfe Research began coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $341.39.

Sherwin-Williams Company 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.