Sound Financial Strategies Group LLC Acquires 214 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sound Financial Strategies Group LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,501 shares of the specialty chemicals company’s stock after acquiring an additional 214 shares during the period. Sound Financial Strategies Group LLC’s holdings in Sherwin-Williams were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC grew its position in shares of Sherwin-Williams by 22.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,411 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 259 shares during the period. M&T Bank Corp boosted its holdings in Sherwin-Williams by 0.6% in the 4th quarter. M&T Bank Corp now owns 183,748 shares of the specialty chemicals company’s stock worth $62,462,000 after buying an additional 1,135 shares during the period. Assetmark Inc. boosted its holdings in Sherwin-Williams by 15.4% in the 4th quarter. Assetmark Inc. now owns 9,125 shares of the specialty chemicals company’s stock worth $3,102,000 after buying an additional 1,219 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in Sherwin-Williams by 12.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,693 shares of the specialty chemicals company’s stock worth $576,000 after buying an additional 187 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Sherwin-Williams by 29.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,105 shares of the specialty chemicals company’s stock worth $714,000 after buying an additional 478 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several research analyst reports. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup restated a “buy” rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Stock Down 0.4 %

Shares of SHW stock opened at $355.31 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. 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 stock’s 50-day simple moving average is $351.67 and its 200-day simple moving average is $365.87. The firm has a market capitalization of $89.36 billion, a PE ratio of 33.68, a P/E/G ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 firm earned $1.81 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced 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 represents a $3.16 annualized dividend and a yield of 0.89%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

Insiders Place Their Bets

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 stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

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.