Sugarloaf Wealth Management LLC Has $208,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Sugarloaf Wealth Management LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 613 shares of the specialty chemicals company’s stock after buying an additional 51 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Sherwin-Williams were worth $208,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC raised its position in Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Geode Capital Management LLC raised its holdings in Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Legal & General Group Plc boosted its position in Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after buying an additional 53,487 shares during the period. D. E. Shaw & Co. Inc. increased its position in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after acquiring an additional 238,031 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after purchasing an additional 15,843 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on SHW shares. Barclays lifted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Stock Down 1.9 %

Shares of NYSE:SHW traded down $6.36 during trading on Friday, reaching $331.18. 847,592 shares of the stock were exchanged, compared to its average volume of 1,598,043. The stock has a fifty day moving average of $367.88 and a two-hundred day moving average of $357.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a market cap of $83.41 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.