Apollon Wealth Management LLC Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Apollon Wealth Management LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,645 shares of the specialty chemicals company’s stock after buying an additional 645 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Sherwin-Williams by 16.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,196 shares of the specialty chemicals company’s stock worth $16,373,000 after buying an additional 9,000 shares during the last quarter. Advisor Partners II LLC grew its stake in shares of Sherwin-Williams by 2.4% during the third quarter. Advisor Partners II LLC now owns 9,840 shares of the specialty chemicals company’s stock worth $2,510,000 after acquiring an additional 226 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $987,000. CENTRAL TRUST Co raised its position in shares of Sherwin-Williams by 3.9% in the 3rd quarter. CENTRAL TRUST Co now owns 6,484 shares of the specialty chemicals company’s stock valued at $1,654,000 after purchasing an additional 243 shares during the last quarter. Finally, TIAA Trust National Association acquired a new stake in Sherwin-Williams in the 3rd quarter worth approximately $12,375,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $377.00 target price (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Evercore ISI reduced their price objective on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Insider Buying and Selling at Sherwin-Williams

In other news, 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 value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company’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 completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. 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 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $319.02 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The company has a market cap of $80.89 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The stock’s 50-day moving average is $326.67 and its two-hundred day moving average is $302.91. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend 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.