New England Professional Planning Group Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69 shares of the specialty chemicals company’s stock, valued at approximately $201,000.
Several other institutional investors have also bought and sold shares of SHW. Amplius Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $25,000. Concord Wealth Partners increased its position in shares of Sherwin-Williams by 137.5% during the fourth quarter. Concord Wealth Partners now owns 76 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 44 shares in the last quarter. Rational Advisors LLC increased its position in shares of Sherwin-Williams by 126.5% during the fourth quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 43 shares in the last quarter. Arlington Partners LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $35,000. Finally, DB Fitzpatrick & Co Inc purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 77.35% of the company’s stock.
In other Sherwin-Williams news, insider Justin T. Binns sold 1,542 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $259.99, for a total transaction of $400,904.58. Following the sale, the insider now owns 6,877 shares in the company, valued at approximately $1,787,951.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.
SHW opened at $228.04 on Friday. The stock’s 50-day moving average price is $256.22 and its 200 day moving average price is $274.27. The Sherwin-Williams Company has a 12-month low of $214.22 and a 12-month high of $354.15. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 3.85. The firm has a market cap of $59.32 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.85 and a beta of 1.00.
Sherwin-Williams (NYSE:SHW – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The specialty chemicals company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.07. Sherwin-Williams had a return on equity of 80.22% and a net margin of 9.00%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the business earned $2.06 EPS. Sherwin-Williams’s revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that The Sherwin-Williams Company will post 9.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 20th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $2.40 annualized dividend and a yield of 1.05%. Sherwin-Williams’s dividend payout ratio (DPR) is 34.99%.
Sherwin-Williams Profile (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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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