The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Northern Financial Advisors Inc

Northern Financial Advisors Inc increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,915 shares of the specialty chemicals company’s stock after acquiring an additional 103 shares during the quarter. Northern Financial Advisors Inc’s holdings in Sherwin-Williams were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in Sherwin-Williams during the third quarter valued at approximately $25,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $33,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $36,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. KeyCorp raised 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. Finally, Wells Fargo & Company upped their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $341.39.

Sherwin-Williams Stock Down 0.0 %

NYSE SHW traded down $0.07 during trading hours on Wednesday, hitting $318.68. 357,478 shares of the company were exchanged, compared to its average volume of 1,478,512. The company has a 50 day moving average of $326.67 and a two-hundred day moving average of $302.91. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The firm has a market cap of $80.80 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.50 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share 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 company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the company earned $2.04 EPS. Sherwin-Williams’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.90%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 in the last quarter. 0.60% of the stock is owned by company insiders.

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.