Smartleaf Asset Management LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Smartleaf Asset Management LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,636 shares of the specialty chemicals company’s stock after buying an additional 350 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Sherwin-Williams were worth $893,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $29,000. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $26,000. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the third quarter worth $32,000. True Wealth Design LLC grew its stake 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 valued at $38,000 after buying an additional 90 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated 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 owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 1.6 %

SHW opened at $356.49 on Tuesday. 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 one year low of $282.09 and a one year high of $400.42. The company has a market cap of $89.66 billion, a P/E ratio of 33.79, a PEG ratio of 2.98 and a beta of 1.22. The business’s 50-day simple moving average is $351.49 and its 200-day simple moving average is $365.86.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 period last year, the company earned $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid 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 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

Analyst Ratings Changes

Several research firms have weighed in on SHW. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Finally, Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.31.

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.