Allworth Financial LP Acquires 3,157 Shares of The Sherwin-Williams Company (NYSE:SHW)

Allworth Financial LP lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 202.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,717 shares of the specialty chemicals company's stock after acquiring an additional 3,157 shares during the period. Allworth Financial LP's holdings in Sherwin-Williams were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SHW. Exchange Traded Concepts LLC raised its position in shares of Sherwin-Williams by 135.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company's stock worth $91,000 after acquiring an additional 137 shares in the last quarter. Creative Planning raised its position in shares of Sherwin-Williams by 11.6% in the 3rd quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company's stock worth $17,556,000 after acquiring an additional 4,770 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $573,000. Northwest Investment Counselors LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $52,000. Finally, Surience Private Wealth LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $4,064,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $5.48 during midday trading on Friday, reaching $344.54. The company's stock had a trading volume of 2,871,320 shares, compared to its average volume of 1,656,506. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a 50 day moving average price of $351.44 and a 200-day moving average price of $365.20. The stock has a market capitalization of $86.77 billion, a P/E ratio of 32.66, a PEG ratio of 3.00 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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 in the prior year, the firm posted $1.81 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is presently 27.11%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $400.00.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

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.