Calamos Advisors LLC Acquires 34,928 Shares of The Sherwin-Williams Company (NYSE:SHW)

Calamos Advisors LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 73.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,619 shares of the specialty chemicals company’s stock after acquiring an additional 34,928 shares during the quarter. Calamos Advisors LLC’s holdings in Sherwin-Williams were worth $25,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 0.9% during 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 buying an additional 187,478 shares during the last quarter. FMR LLC increased 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 acquiring an additional 2,146,102 shares during the period. Morgan Stanley increased 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 acquiring an additional 1,747,586 shares during the period. Geode Capital Management LLC increased its position in Sherwin-Williams by 1.8% during the first quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after acquiring an additional 73,605 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Sherwin-Williams by 13.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,795,775 shares of the specialty chemicals company’s stock worth $742,334,000 after acquiring an additional 321,529 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 0.3 %

SHW stock traded up $0.96 during midday trading on Friday, reaching $310.34. 124,780 shares of the company’s stock traded hands, compared to its average volume of 1,383,018. The company has a market cap of $78.97 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.46 and a beta of 1.15. The firm’s fifty day moving average price is $328.64 and its 200-day moving average price is $297.00. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced 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. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Sherwin-Williams’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is 30.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHW shares. Evercore ISI lowered their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 target price (up from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Barclays raised their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Buying and Selling

In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the 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 completion of the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is 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.