Bank of Montreal Can Has $149.62 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Bank of Montreal Can lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 36.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 440,137 shares of the specialty chemicals company's stock after purchasing an additional 116,582 shares during the period. Bank of Montreal Can owned about 0.17% of Sherwin-Williams worth $149,616,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams during the fourth quarter worth $28,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at $36,000. WR Wealth Planners LLC raised its holdings in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated 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. Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. increased 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. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $393.31.

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Insider Activity

In other 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 transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $7.20 during mid-day trading on Friday, hitting $337.11. 2,032,653 shares of the stock traded hands, compared to its average volume of 1,783,917. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market cap of $84.79 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company's 50-day simple moving average is $347.47 and its 200-day simple moving average is $360.20. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the firm earned $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is currently 29.95%.

About Sherwin-Williams

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.