SevenBridge Financial Group LLC Buys 1,116 Shares of The Sherwin-Williams Company (NYSE:SHW)

SevenBridge Financial Group LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,641 shares of the specialty chemicals company’s stock after purchasing an additional 1,116 shares during the period. SevenBridge Financial Group LLC’s holdings in Sherwin-Williams were worth $3,845,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SHW. Principal Financial Group Inc. boosted its holdings in Sherwin-Williams by 1.0% in the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after acquiring an additional 10,709 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Sherwin-Williams by 14.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,980 shares of the specialty chemicals company’s stock worth $3,427,000 after purchasing an additional 1,100 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at $227,000. Ascent Group LLC increased its stake in Sherwin-Williams by 18.5% during the 3rd quarter. Ascent Group LLC now owns 1,718 shares of the specialty chemicals company’s stock valued at $656,000 after purchasing an additional 268 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its holdings in Sherwin-Williams by 127.3% during the third quarter. Hilltop Holdings Inc. now owns 4,432 shares of the specialty chemicals company’s stock worth $1,691,000 after buying an additional 2,482 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $350.77 on Wednesday. The firm has a market cap of $88.22 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The stock has a fifty day simple moving average of $353.29 and a two-hundred day simple moving average of $363.46. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company posted $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s payout ratio is currently 29.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup restated a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $400.19.

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 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 sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.