The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by CCM Investment Advisers LLC

CCM Investment Advisers LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,323 shares of the specialty chemicals company’s stock after buying an additional 201 shares during the quarter. CCM Investment Advisers LLC’s holdings in Sherwin-Williams were worth $13,367,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Fulton Bank N.A. raised its position in shares of Sherwin-Williams by 7.0% in the 4th quarter. Fulton Bank N.A. now owns 9,776 shares of the specialty chemicals company’s stock valued at $3,323,000 after purchasing an additional 643 shares during the last quarter. Park National Corp OH lifted its position in shares of Sherwin-Williams by 15.9% during the 4th quarter. Park National Corp OH now owns 6,797 shares of the specialty chemicals company’s stock valued at $2,311,000 after buying an additional 932 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of Sherwin-Williams by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 5,033 shares of the specialty chemicals company’s stock worth $1,711,000 after purchasing an additional 125 shares in the last quarter. Pensionfund Sabic boosted its stake in Sherwin-Williams by 37.5% during the fourth quarter. Pensionfund Sabic now owns 5,500 shares of the specialty chemicals company’s stock worth $1,870,000 after buying an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 17.6% during the 4th quarter. GAMMA Investing LLC now owns 3,913 shares of the specialty chemicals company’s stock worth $1,330,000 after acquiring an additional 586 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $402.25.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $8.06 on Friday, hitting $329.48. The company’s stock had a trading volume of 568,204 shares, compared to its average volume of 1,555,473. 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 stock has a 50 day moving average of $367.88 and a 200-day moving average of $357.46. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a market capitalization of $82.98 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results 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 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 analysts’ expectations of $6.20 billion. During the same period in the prior year, the business earned $3.20 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

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.