1,172 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,172 shares of the specialty chemicals company’s stock, valued at approximately $423,000.

Other hedge funds have also recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at about $26,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams during the 3rd quarter valued at $32,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. True Wealth Design LLC increased its holdings in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the period. Finally, WR Wealth Planners LLC grew its position in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 0.3 %

NYSE:SHW opened at $342.73 on Tuesday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a 50 day moving average of $353.95 and a 200 day moving average of $365.49. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $86.20 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) 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 quarter in the previous year, the firm earned $1.81 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The shares were 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 $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley cut 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. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Citigroup reissued 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, February 26th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has a consensus 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.