Freedom Day Solutions LLC Increases Stake in The Sherwin-Williams Company (NYSE:SHW)

Freedom Day Solutions LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,501 shares of the specialty chemicals company’s stock after acquiring an additional 147 shares during the quarter. Sherwin-Williams comprises 1.0% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 24th largest holding. Freedom Day Solutions LLC’s holdings in Sherwin-Williams were worth $3,230,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams in the 3rd quarter worth about $29,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. increased its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $351.39 on Thursday. The business has a 50 day moving average of $351.78 and a 200 day moving average of $365.30. The company has a market capitalization of $88.50 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 3.08 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the business posted $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams’s payout ratio is presently 27.11%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several analyst reports. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Morgan Stanley cut their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Barclays raised their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada cut their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.