Tairen Capital Ltd Buys Shares of 13,000 The Sherwin-Williams Company (NYSE:SHW)

Tairen Capital Ltd bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,000 shares of the specialty chemicals company’s stock, valued at approximately $4,419,000.

Other large investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC lifted its stake in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 0.5%

NYSE:SHW opened at $363.22 on Friday. The stock’s 50 day moving average price is $341.61 and its 200 day moving average price is $355.17. The company has a market capitalization of $91.02 billion, a PE ratio of 34.43, a P/E/G ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Citigroup decreased their target price on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.