Wolverine Asset Management LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Wolverine Asset Management LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, HoldingsChannel reports. The fund purchased 14,000 shares of the specialty chemicals company’s stock, valued at approximately $4,367,000.

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

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred 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 approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 over the last quarter. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Down 0.0 %

Shares of Sherwin-Williams stock traded down $0.08 on Wednesday, hitting $302.28. The stock had a trading volume of 1,041,525 shares, compared to its average volume of 1,438,522. The stock has a 50 day moving average of $328.40 and a 200 day moving average of $298.73. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The firm has a market capitalization of $76.92 billion, a P/E ratio of 32.62, a PEG ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the company earned $2.04 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SHW shares. Evercore ISI lowered their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research report on Tuesday, February 27th. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Finally, Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.39.

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.