Toroso Investments LLC Takes Position in Sherwin-Williams Co (NYSE:SHW)

Toroso Investments LLC acquired a new stake in shares of Sherwin-Williams Co (NYSE:SHW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 449 shares of the specialty chemicals company’s stock, valued at approximately $206,000.

Several other large investors have also recently modified their holdings of the company. Jacobi Capital Management LLC raised its stake in shares of Sherwin-Williams by 14.6% during the fourth quarter. Jacobi Capital Management LLC now owns 141 shares of the specialty chemicals company’s stock valued at $82,000 after acquiring an additional 18 shares during the last quarter. Savant Capital LLC raised its stake in Sherwin-Williams by 4.6% in the fourth quarter. Savant Capital LLC now owns 428 shares of the specialty chemicals company’s stock worth $250,000 after buying an additional 19 shares in the last quarter. Parallel Advisors LLC raised its stake in Sherwin-Williams by 1.8% in the fourth quarter. Parallel Advisors LLC now owns 1,086 shares of the specialty chemicals company’s stock worth $634,000 after buying an additional 19 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Sherwin-Williams by 9.4% in the fourth quarter. Meeder Asset Management Inc. now owns 221 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 19 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Sherwin-Williams by 66.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 50 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 20 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Aaron M. Erter sold 935 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $534.70, for a total value of $499,944.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jane M. Cronin sold 908 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $492.14, for a total transaction of $446,863.12. Following the completion of the sale, the senior vice president now owns 2,915 shares in the company, valued at approximately $1,434,588.10. The disclosure for this sale can be found here. Insiders sold 7,595 shares of company stock worth $4,231,947 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

NYSE:SHW opened at $577.30 on Friday. The company’s 50 day moving average price is $512.13 and its 200-day moving average price is $546.59. Sherwin-Williams Co has a 52 week low of $325.43 and a 52 week high of $599.95. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 2.94. The stock has a market cap of $51.76 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 3.34 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.13. Sherwin-Williams had a net margin of 8.98% and a return on equity of 53.04%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Sherwin-Williams Co will post 19.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 21st. Sherwin-Williams’s dividend payout ratio is currently 25.38%.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $631.00 to $611.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $620.00 price target for the company in a research note on Monday, March 2nd. Zacks Investment Research downgraded shares of Sherwin-Williams from a “hold” rating to a “sell” rating and set a $583.00 price target for the company. in a research note on Friday, March 6th. Credit Suisse Group raised their target price on shares of Sherwin-Williams from $590.00 to $600.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets raised their target price on shares of Sherwin-Williams from $530.00 to $550.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $574.39.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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