SG Capital Management LLC Buys Shares of 22,404 The Sherwin-Williams Company (NYSE:SHW)

SG Capital Management LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,404 shares of the specialty chemicals company’s stock, valued at approximately $7,782,000. Sherwin-Williams comprises 2.5% of SG Capital Management LLC’s investment portfolio, making the stock its 17th biggest position.

Several other large investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of Sherwin-Williams by 18.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 134,499 shares of the specialty chemicals company’s stock valued at $46,404,000 after buying an additional 21,055 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Sherwin-Williams by 34.4% in the 1st quarter. Cetera Advisors LLC now owns 22,454 shares of the specialty chemicals company’s stock valued at $7,799,000 after buying an additional 5,743 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Sherwin-Williams by 449.5% in the 1st quarter. Cetera Investment Advisers now owns 56,691 shares of the specialty chemicals company’s stock valued at $19,690,000 after buying an additional 46,375 shares in the last quarter. PGGM Investments boosted its holdings in shares of Sherwin-Williams by 2.4% in the 1st quarter. PGGM Investments now owns 22,022 shares of the specialty chemicals company’s stock valued at $7,649,000 after buying an additional 521 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Sherwin-Williams by 6.5% in the 1st quarter. Atria Investments Inc now owns 33,504 shares of the specialty chemicals company’s stock valued at $11,637,000 after buying an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jane M. Cronin 9,320 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SHW shares. UBS Group decreased their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. The Goldman Sachs Group increased their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Citigroup decreased their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, KeyCorp increased their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.00.

Sherwin-Williams Price Performance

NYSE:SHW traded down $3.13 during mid-day trading on Friday, hitting $347.25. 1,446,528 shares of the company’s stock traded hands, compared to its average volume of 1,831,105. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The firm’s 50 day simple moving average is $311.61 and its 200 day simple moving average is $316.50. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $356.69. The company has a market cap of $87.60 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the firm posted $3.29 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s dividend payout ratio is currently 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.