The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,251 shares of the specialty chemicals company’s stock after purchasing an additional 46 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Sherwin-Williams were worth $765,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Interstate Bank grew its stake in Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Sherwin-Williams by 4.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock worth $275,000 after purchasing an additional 29 shares during the period. Essex Savings Bank grew its position in Sherwin-Williams by 3.4% during the third quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock valued at $336,000 after purchasing an additional 29 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 29 shares during the period. Finally, Apella Capital LLC lifted its position in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 30 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SHW shares. Citigroup reaffirmed a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday. Royal Bank of Canada dropped their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Trading Up 2.0 %

Shares of Sherwin-Williams stock opened at $362.46 on Friday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company’s fifty day simple moving average is $351.26 and its 200-day simple moving average is $365.65. The company has a market cap of $91.16 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.87%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

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.