Dakota Wealth Management Increases Stake in The Sherwin-Williams Company $SHW

Dakota Wealth Management lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 173.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,643 shares of the specialty chemicals company’s stock after buying an additional 2,312 shares during the quarter. Dakota Wealth Management’s holdings in Sherwin-Williams were worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. Cordatus Wealth Management LLC lifted its position in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares in the last quarter. Nordea Investment Management AB grew its holdings in Sherwin-Williams by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after buying an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Sherwin-Williams by 26.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares during the last quarter. Mairs & Power Inc. raised its holdings in shares of Sherwin-Williams by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after acquiring an additional 3,430 shares in the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $1,069,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $315.60 on Monday. The firm has a market capitalization of $78.07 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.73 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The business has a 50 day simple moving average of $345.58 and a 200-day simple moving average of $340.70. The Sherwin-Williams Company has a 1 year low of $301.58 and a 1 year high of $379.65.

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

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a $0.80 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Royal Bank Of Canada cut their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a report on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $384.43.

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.