Beacon Investment Advisory Services Inc. Sells 2,712 Shares of The Sherwin-Williams Company $SHW

Beacon Investment Advisory Services Inc. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,969 shares of the specialty chemicals company’s stock after selling 2,712 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Sherwin-Williams were worth $22,024,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SHW. Modera Wealth Management LLC lifted its holdings in shares of Sherwin-Williams by 2.4% during the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 29 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Sherwin-Williams by 0.6% in the 4th quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock worth $1,653,000 after buying an additional 29 shares during the last quarter. Mather Group LLC. increased its position in Sherwin-Williams by 1.4% during the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock valued at $686,000 after buying an additional 30 shares in the last quarter. Alpine Bank Wealth Management increased its position in Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after buying an additional 31 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in Sherwin-Williams by 1.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $577,000 after buying an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 22nd. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $384.43.

Sherwin-Williams Stock Up 0.1%

Sherwin-Williams stock opened at $315.60 on Monday. The Sherwin-Williams Company has a 12 month low of $301.58 and a 12 month high of $379.65. The stock has a fifty day simple moving average of $345.58 and a two-hundred day simple moving average of $340.70. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The firm has a market cap of $78.07 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.73 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the company posted $2.09 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.80 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.0%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction 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. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly 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. Company insiders own 0.23% of the company’s stock.

Sherwin-Williams Company 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.