Alpha Paradigm Partners LLC Acquires Shares of 1,823 The Sherwin-Williams Company (NYSE:SHW)

Posted by Defense World Staff on Mar 15th, 2023

Alpha Paradigm Partners LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,823 shares of the specialty chemicals company’s stock, valued at approximately $373,000.

A number of other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Sherwin-Williams by 115.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,250,997 shares of the specialty chemicals company’s stock worth $2,295,301,000 after buying an additional 5,499,972 shares during the period. Clearbridge Investments LLC grew its position in shares of Sherwin-Williams by 655.3% in the second quarter. Clearbridge Investments LLC now owns 2,143,815 shares of the specialty chemicals company’s stock valued at $480,022,000 after purchasing an additional 1,859,981 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Sherwin-Williams by 775.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 509,706 shares of the specialty chemicals company’s stock valued at $127,233,000 after purchasing an additional 451,493 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Sherwin-Williams by 99.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 859,123 shares of the specialty chemicals company’s stock worth $175,905,000 after purchasing an additional 427,561 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Sherwin-Williams by 523.4% in the 3rd quarter. Two Sigma Investments LP now owns 485,483 shares of the specialty chemicals company’s stock worth $99,403,000 after purchasing an additional 407,609 shares during the period. Hedge funds and other institutional investors own 76.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SHW shares. Loop Capital reduced their price objective on shares of Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, January 27th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 3rd. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, January 9th. Zelman & Associates downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. Finally, Citigroup lowered their target price on shares of Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating on the stock in a research note on Friday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $253.39.

Sherwin-Williams Stock Up 1.6 %

Sherwin-Williams stock opened at $216.99 on Wednesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.99 and a quick ratio of 0.55. The stock has a market capitalization of $55.99 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The Sherwin-Williams Company has a 12 month low of $195.24 and a 12 month high of $285.00. The business has a 50 day simple moving average of $232.28 and a 200-day simple moving average of $230.70.

Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. The business had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.26 billion. Sherwin-Williams had a return on equity of 90.04% and a net margin of 9.12%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 8.71 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were given a dividend of $0.605 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.60. This represents a $2.42 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, February 24th. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,750 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $220.76, for a total transaction of $607,090.00. Following the transaction, the senior vice president now owns 7,955 shares of the company’s stock, valued at $1,756,145.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Sherwin-Williams news, SVP Bryan J. Young sold 2,750 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $220.76, for a total value of $607,090.00. Following the completion of the transaction, the senior vice president now directly owns 7,955 shares in the company, valued at approximately $1,756,145.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John G. Morikis purchased 2,207 shares of the business’s stock in a transaction on Friday, January 27th. The stock was acquired at an average price of $226.70 per share, with a total value of $500,326.90. Following the completion of the acquisition, the chief executive officer now directly owns 231,344 shares in the company, valued at approximately $52,445,684.80. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

Sherwin-Williams Company Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.