HUB Investment Partners LLC Takes Position in The Sherwin-Williams Company $SHW

HUB Investment Partners LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,607 shares of the specialty chemicals company’s stock, valued at approximately $556,000.

Other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in Sherwin-Williams during the 2nd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the period. Rossby Financial LCC increased its position in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 48 shares during the period. Delos Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $36,000. Finally, True Wealth Design LLC raised its stake in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SHW shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Mizuho raised their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $387.67.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.7%

Sherwin-Williams stock opened at $329.77 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a market cap of $81.57 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.86 and a beta of 1.25. The business has a fifty day moving average of $352.17 and a two-hundred day moving average of $345.72. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $2.09 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 31.16%.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.