Tealwood Asset Management Inc. Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Tealwood Asset Management Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,991 shares of the specialty chemicals company’s stock after buying an additional 36 shares during the period. Tealwood Asset Management Inc.’s holdings in Sherwin-Williams were worth $1,696,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Unique Wealth LLC boosted its holdings in Sherwin-Williams by 40.9% during the fourth quarter. Unique Wealth LLC now owns 882 shares of the specialty chemicals company’s stock worth $300,000 after buying an additional 256 shares in the last quarter. BCS Wealth Management acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $1,271,000. Miracle Mile Advisors LLC boosted its stake in shares of Sherwin-Williams by 336.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 6,625 shares of the specialty chemicals company’s stock worth $2,252,000 after acquiring an additional 5,106 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Sherwin-Williams by 9.5% in the 4th quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company’s stock worth $938,000 after acquiring an additional 246 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in Sherwin-Williams by 5.6% in the 4th quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company’s stock valued at $251,000 after purchasing an additional 39 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Up 1.9 %

NYSE:SHW opened at $336.36 on Tuesday. The firm has a market capitalization of $84.71 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average of $366.56 and a 200-day moving average of $358.81.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company earned $3.20 earnings per share. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. Analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHW shares. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Mizuho lowered their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Citigroup lowered their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $402.25.

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.