Czech National Bank Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Czech National Bank lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,239 shares of the specialty chemicals company’s stock after buying an additional 2,963 shares during the quarter. Czech National Bank’s holdings in Sherwin-Williams were worth $17,078,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SHW. Valued Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. raised its stake in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value 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. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $336.36 on Tuesday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business’s fifty day moving average price is $366.56 and its two-hundred day moving average price is $358.81. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a market cap of $84.71 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

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

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SHW shares. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. BMO Capital Markets increased their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $402.25.

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.