Bryn Mawr Capital Management LLC Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Bryn Mawr Capital Management LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 86.5% during the 4th quarter, HoldingsChannel reports. The firm owned 10,774 shares of the specialty chemicals company’s stock after purchasing an additional 4,997 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Sherwin-Williams were worth $3,360,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Exchange Traded Concepts LLC grew its position in Sherwin-Williams by 9,310.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 931 shares during the last quarter. Caprock Group LLC grew its position in Sherwin-Williams by 6.0% during the 3rd quarter. Caprock Group LLC now owns 3,556 shares of the specialty chemicals company’s stock worth $907,000 after purchasing an additional 201 shares during the last quarter. UMB Bank n.a. grew its position in Sherwin-Williams by 3.0% during the 3rd quarter. UMB Bank n.a. now owns 11,393 shares of the specialty chemicals company’s stock worth $2,906,000 after purchasing an additional 336 shares during the last quarter. Oak Thistle LLC purchased a new position in Sherwin-Williams during the 3rd quarter worth $353,000. Finally, Czech National Bank grew its position in Sherwin-Williams by 48.8% during the 3rd quarter. Czech National Bank now owns 41,348 shares of the specialty chemicals company’s stock worth $10,546,000 after purchasing an additional 13,558 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SHW. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Tuesday, February 27th. 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. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Mizuho decreased their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $337.37.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $1.64 on Friday, hitting $306.45. The company’s stock had a trading volume of 1,365,463 shares, compared to its average volume of 1,466,097. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The stock has a 50 day moving average of $328.05 and a 200-day moving average of $299.19.

Sherwin-Williams (NYSE:SHW) last announced 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). The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

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.