Cresset Asset Management LLC Has $9.94 Million Stake in The Sherwin-Williams Company $SHW

Cresset Asset Management LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 27.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,709 shares of the specialty chemicals company’s stock after purchasing an additional 6,108 shares during the period. Cresset Asset Management LLC’s holdings in Sherwin-Williams were worth $9,941,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after buying an additional 29 shares during the period. Richard W. Paul & Associates LLC raised its holdings in Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after acquiring an additional 30 shares in the last quarter. 17 Capital Partners LLC lifted its position in shares of Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after acquiring an additional 31 shares during the period. Alpine Bank Wealth Management grew its holdings in shares of Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock worth $577,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 3.6%

Shares of NYSE:SHW opened at $335.32 on Friday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The company has a market capitalization of $82.94 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The company has a fifty day moving average of $352.08 and a 200-day moving average of $346.23.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.80 per share. The ex-dividend date is Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.0%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio is 31.16%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. Mizuho boosted their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $387.67.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.