K.J. Harrison & Partners Inc Sells 2,000 Shares of The Sherwin-Williams Company (NYSE:SHW)

K.J. Harrison & Partners Inc reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,585 shares of the specialty chemicals company’s stock after selling 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Sherwin-Williams were worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its position in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $26,000. First Personal Financial Services bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.9 %

Sherwin-Williams stock opened at $359.62 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market capitalization of $90.40 billion, a P/E ratio of 34.09, a PEG ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a 50-day simple moving average of $350.65 and a 200-day simple moving average of $365.58.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 company posted $1.81 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Evercore ISI raised their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $400.76.

About Sherwin-Williams

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.