TRUE Private Wealth Advisors Purchases New Position in The Sherwin-Williams Company (NYSE:SHW)

TRUE Private Wealth Advisors acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,260 shares of the specialty chemicals company's stock, valued at approximately $428,000.

A number of other institutional investors have also recently bought and sold shares of SHW. Legacy Capital Wealth Partners LLC increased its holdings in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after buying an additional 29 shares during the period. Apella Capital LLC raised its stake in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after acquiring an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after purchasing an additional 30 shares during the period. IMS Capital Management grew its stake in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in Sherwin-Williams by 7.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHW. Citigroup lowered their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Jefferies Financial Group restated a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Morgan Stanley decreased their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $393.31.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.5 %

Shares of Sherwin-Williams stock traded up $1.53 during trading on Monday, reaching $338.30. 368,655 shares of the stock were exchanged, compared to its average volume of 1,778,490. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock's fifty day moving average is $347.47 and its 200 day moving average is $360.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 last year, the company posted $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is currently 29.95%.

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.