The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 16.1% during the fourth quarter, HoldingsChannel reports. The firm owned 506 shares of the specialty chemicals company’s stock after purchasing an additional 70 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Sherwin-Williams were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. Finally, Lee Financial Co purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHW. KeyCorp upgraded 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. Wolfe Research began coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Evercore ISI decreased their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.89.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

NYSE SHW opened at $303.74 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The business has a fifty day moving average of $328.26 and a 200-day moving average of $298.77. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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 company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm earned $2.04 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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 paid a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.94%. Sherwin-Williams’s payout ratio is currently 30.49%.

About Sherwin-Williams

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.