The Sherwin-Williams Company $SHW Stock: Waycross Partners LLC Raises Stake

by · The Markets Daily

Waycross Partners LLC increased its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,895 shares of the specialty chemicals company’s stock after acquiring an additional 6,895 shares during the period. Sherwin-Williams comprises approximately 2.6% of Waycross Partners LLC’s holdings, making the stock its 17th largest position. Waycross Partners LLC’s holdings in Sherwin-Williams were worth $33,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GK Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth $25,000. Wilkerson Advisory Group LLC lifted its holdings in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Montgomery Financial Services LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter valued at $28,000. Finally, Tacita Capital Inc purchased a new stake in shares of Sherwin-Williams during the second quarter valued at $30,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $4.75 during mid-day trading on Friday, reaching $344.26. 2,094,866 shares of the company’s stock traded hands, compared to its average volume of 1,790,029. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The firm has a 50 day moving average price of $329.67 and a two-hundred day moving average price of $333.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market capitalization of $83.17 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.93 and a beta of 1.05.

Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.78 billion. During the same quarter last year, the company earned $3.59 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts forecast that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams’s dividend payout ratio is currently 29.41%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 1,309 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $361.91, for a total transaction of $473,740.19. Following the transaction, the chief accounting officer owned 861 shares of the company’s stock, valued at $311,604.51. The trade was a 60.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary Garceau sold 3,891 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.42, for a total transaction of $1,363,484.22. Following the transaction, the senior vice president directly owned 31,466 shares in the company, valued at $11,026,315.72. This represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,315 shares of company stock worth $7,848,071 in the last 90 days. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Sherwin-Williams in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Royal Bank Of Canada lowered their price objective on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Rothschild & Co Redburn lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Argus lifted their target price on shares of Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $377.29.

View Our Latest Stock Analysis on SHW

Sherwin-Williams Company Profile

(Free Report)

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.

Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.

Sherwin-Williams serves customers in North America and markets around the world.

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