K.J. Harrison & Partners Inc Cuts Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

K.J. Harrison & Partners Inc decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,585 shares of the specialty chemicals company’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Sherwin-Williams were worth $2,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Valued Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $26,000. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams in the third quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. Finally, Sierra Ocean LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $359.62 on Thursday. The company has a market capitalization of $90.40 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.98 and a beta of 1.22. The business has a 50 day moving average of $350.65 and a 200-day moving average of $365.58. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. 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 issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 quarter last year, the business earned $1.81 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. Sherwin-Williams’s payout ratio is 29.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHW shares. Mizuho lowered 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. Citigroup reiterated 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. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley dropped their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, Evercore ISI boosted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.76.

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.