Congress Wealth Management LLC DE Has $17.97 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Congress Wealth Management LLC DE increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,849 shares of the specialty chemicals company’s stock after purchasing an additional 363 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Sherwin-Williams were worth $17,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Merit Financial Group LLC increased its position in Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after purchasing an additional 523 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. grew its position in shares of Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after buying an additional 766 shares during the period. Kerusso Capital Management LLC raised its stake in shares of Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after buying an additional 4,439 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Sherwin-Williams by 4.2% in the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after buying an additional 4,681 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business’s 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 transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was 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. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SHW shares. Royal Bank of Canada cut their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Up 2.5 %

NYSE:SHW opened at $342.90 on Tuesday. The company has a market cap of $86.24 billion, a PE ratio of 32.50, a PEG ratio of 2.98 and a beta of 1.23. The stock has a 50-day simple moving average of $354.10 and a 200 day simple moving average of $364.49. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $1.81 EPS. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 29.95%.

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.