Holderness Investments Co. Purchases 1,501 Shares of The Sherwin-Williams Company (NYSE:SHW)

Holderness Investments Co. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,066 shares of the specialty chemicals company's stock after purchasing an additional 1,501 shares during the quarter. Holderness Investments Co.'s holdings in Sherwin-Williams were worth $1,722,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the third quarter worth $32,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams during the fourth quarter valued at $36,000. True Wealth Design LLC boosted its holdings in shares of Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares in the last quarter. Finally, WR Wealth Planners LLC grew its position in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.51 during trading hours on Tuesday, reaching $341.20. The company had a trading volume of 1,180,490 shares, compared to its average volume of 1,633,614. The firm has a market cap of $85.82 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm's 50 day moving average price is $354.10 and its 200-day moving average price is $364.49. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company earned $1.81 earnings per share. On average, 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 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. 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.

Analyst Ratings Changes

Several research firms recently commented on SHW. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $401.13.

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.