Alpha Cubed Investments LLC Acquires 38 Shares of The Sherwin-Williams Company (NYSE:SHW)

Alpha Cubed Investments LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,105 shares of the specialty chemicals company’s stock after acquiring an additional 38 shares during the period. Alpha Cubed Investments LLC’s holdings in Sherwin-Williams were worth $345,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank lifted its stake in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after purchasing an additional 34 shares during the last quarter. Tsfg LLC lifted its stake in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares during the last quarter. Ellsworth Advisors LLC lifted its stake in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 38 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Sherwin-Williams by 2.2% in the third quarter. Montag A & Associates Inc. now owns 1,825 shares of the specialty chemicals company’s stock worth $465,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHW. Barclays lifted their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $341.39.

Insider Activity

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on 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 in the company, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 over the last ninety days. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

NYSE SHW opened at $300.62 on Wednesday. The firm’s fifty day simple moving average is $327.76 and its two-hundred day simple moving average is $300.59. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The firm has a market capitalization of $76.50 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.46 and a beta of 1.15.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.