SVB Wealth LLC Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

SVB Wealth LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 23.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,770 shares of the specialty chemicals company’s stock after buying an additional 336 shares during the quarter. SVB Wealth LLC’s holdings in Sherwin-Williams were worth $552,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Hawaiian Bank raised its stake in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after buying an additional 34 shares in the last quarter. Tsfg LLC raised its position in shares of Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares in the last quarter. Ellsworth Advisors LLC lifted its stake in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in Sherwin-Williams by 4.7% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 848 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 38 shares in the last quarter. Finally, Midwest Financial Group LLC raised its holdings in Sherwin-Williams by 1.6% during the third quarter. Midwest Financial Group LLC now owns 2,540 shares of the specialty chemicals company’s stock worth $648,000 after purchasing an additional 40 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

NYSE SHW opened at $305.96 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The business’s 50 day moving average is $328.52 and its two-hundred day moving average is $297.71. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.42 and a beta of 1.15. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.93%. Sherwin-Williams’s payout ratio is currently 30.92%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Citigroup lifted their target price on Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.94.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

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.