Wendell David Associates Inc. Has $385,000 Stake in Sherwin-Williams Co (NYSE:SHW)

Wendell David Associates Inc. increased its stake in Sherwin-Williams Co (NYSE:SHW) by 50.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 895 shares of the specialty chemicals company’s stock after buying an additional 300 shares during the quarter. Wendell David Associates Inc.’s holdings in Sherwin-Williams were worth $385,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SHW. Standard Life Aberdeen plc boosted its holdings in shares of Sherwin-Williams by 11.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 25,328 shares of the specialty chemicals company’s stock worth $11,529,000 after buying an additional 2,552 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth about $457,000. First Republic Investment Management Inc. boosted its holdings in shares of Sherwin-Williams by 14.9% in the 3rd quarter. First Republic Investment Management Inc. now owns 11,330 shares of the specialty chemicals company’s stock worth $5,157,000 after buying an additional 1,465 shares during the last quarter. Capital Guardian Trust Co. boosted its holdings in shares of Sherwin-Williams by 10.6% in the 3rd quarter. Capital Guardian Trust Co. now owns 2,050 shares of the specialty chemicals company’s stock worth $933,000 after buying an additional 196 shares during the last quarter. Finally, Capital International Investors purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth about $10,925,000. 77.70% of the stock is currently owned by institutional investors.

Shares of Sherwin-Williams stock opened at $455.91 on Friday. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $479.64. The stock has a market capitalization of $42.09 billion, a PE ratio of 24.60, a PEG ratio of 1.88 and a beta of 1.26. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 2.52.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company posted $3.57 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Sherwin-Williams Co will post 21.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 24.39%.

Several research firms have commented on SHW. Robert W. Baird reaffirmed an “outperform” rating and set a $480.00 price objective (up from $450.00) on shares of Sherwin-Williams in a report on Friday, February 1st. Evercore ISI began coverage on shares of Sherwin-Williams in a report on Wednesday, March 20th. They set an “outperform” rating and a $495.00 price objective on the stock. UBS Group set a $405.00 price objective on shares of Sherwin-Williams and gave the company a “hold” rating in a report on Wednesday, January 16th. KeyCorp upped their price objective on shares of Sherwin-Williams from $450.00 to $485.00 and gave the company an “overweight” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research downgraded shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $480.05.

In related news, SVP Jane M. Cronin sold 1,344 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $441.24, for a total value of $593,026.56. Following the transaction, the senior vice president now directly owns 4,078 shares in the company, valued at $1,799,376.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the completion of the transaction, the senior vice president now owns 10,599 shares in the company, valued at $4,598,906.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,839 shares of company stock worth $5,186,817. 0.50% of the stock is owned by company insiders.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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