RFG Bristol Wealth Advisors LLC Acquires Shares of 4,394 The Sherwin-Williams Company (NYSE:SHW)

RFG Bristol Wealth Advisors LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,394 shares of the specialty chemicals company's stock, valued at approximately $1,494,000.

A number of other large investors have also recently added to or reduced their stakes in SHW. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $1,359,747,000. Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $230,829,000. Proficio Capital Partners LLC grew its holdings in Sherwin-Williams by 41,520.8% during the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock valued at $162,987,000 after purchasing an additional 478,320 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Sherwin-Williams by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock valued at $690,796,000 after purchasing an additional 451,505 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Sherwin-Williams by 79.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company's stock valued at $219,945,000 after purchasing an additional 289,450 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

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Sherwin-Williams Price Performance

SHW traded down $8.74 during midday trading on Friday, reaching $331.91. 4,337,001 shares of the company's stock were exchanged, compared to its average volume of 1,751,685. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market capitalization of $83.48 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The business has a 50-day simple moving average of $352.24 and a two-hundred day simple moving average of $362.80. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results 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 business earned $1.81 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.79 per share. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

Analyst Ratings Changes

Several analysts recently issued reports on SHW shares. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Jefferies Financial Group reissued a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Citigroup reaffirmed a "buy" rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Finally, Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $398.94.

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.