Everpar Advisors LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Everpar Advisors LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,747 shares of the specialty chemicals company’s stock, valued at approximately $1,169,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $432,737,000. International Assets Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 2,853.9% during the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after acquiring an additional 628,175 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Sherwin-Williams by 188.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock worth $193,561,000 after acquiring an additional 495,668 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Sherwin-Williams by 49.7% in the third quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock valued at $251,456,000 after acquiring an additional 327,372 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. 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. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $377.00 target price (down from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $341.39.

Sherwin-Williams Stock Performance

NYSE SHW traded up $0.27 during trading hours on Wednesday, reaching $319.02. 933,215 shares of the company were exchanged, compared to its average volume of 1,485,314. The stock has a market capitalization of $80.89 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.50 and a beta of 1.18. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The business’s 50 day simple moving average is $326.67 and its 200-day simple moving average is $302.91.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during 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%. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

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.