The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411 shares of the specialty chemicals company’s stock after buying an additional 259 shares during the period. Proficio Capital Partners LLC’s holdings in Sherwin-Williams were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Canoe Financial LP raised its stake in Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after acquiring an additional 286,791 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Sherwin-Williams by 47.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after acquiring an additional 278,242 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Sherwin-Williams by 682.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 244,285 shares of the specialty chemicals company’s stock worth $83,040,000 after acquiring an additional 213,076 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Sherwin-Williams by 12.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after purchasing an additional 187,724 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 2.5 %

Sherwin-Williams stock opened at $342.90 on Tuesday. The business has a 50 day simple moving average of $354.10 and a 200-day simple moving average of $364.49. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market capitalization of $86.24 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. 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 issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 quarter in the previous year, the business earned $1.81 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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 dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 transaction, the insider now owns 5,365 shares in the company, valued at $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 is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Mizuho decreased their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

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.