Bradley Foster & Sargent Inc. CT Cuts Stock Holdings in The Sherwin-Williams Company $SHW

Bradley Foster & Sargent Inc. CT reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,344 shares of the specialty chemicals company’s stock after selling 30,820 shares during the period. Sherwin-Williams makes up 1.0% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 27th largest holding. Bradley Foster & Sargent Inc. CT owned approximately 0.08% of Sherwin-Williams worth $69,371,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 29 shares during the last quarter. Richard W. Paul & Associates LLC grew its holdings in Sherwin-Williams by 1.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after buying an additional 30 shares in the last quarter. 17 Capital Partners LLC increased its stake in Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after acquiring an additional 31 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in shares of Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after acquiring an additional 31 shares in the last quarter. Finally, Jessup Wealth Management Inc boosted its position in shares of Sherwin-Williams by 1.4% during the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SHW shares. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. UBS Group set a $420.00 price target on Sherwin-Williams in a research report on Friday, January 30th. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Mizuho lifted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Performance

SHW stock opened at $365.05 on Wednesday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The firm has a market cap of $90.45 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.15 and a beta of 1.25. The business’s fifty day simple moving average is $348.18 and its two-hundred day simple moving average is $346.49. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.80 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.