Intellus Advisors LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Intellus Advisors LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,050 shares of the specialty chemicals company's stock, valued at approximately $357,000.

Several other large investors have also added to or reduced their stakes in SHW. Merit Financial Group LLC lifted its holdings in shares of Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after buying an additional 523 shares during the period. Park Avenue Securities LLC lifted its holdings in Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after acquiring an additional 2,303 shares during the period. Burney Co. boosted its position in Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after purchasing an additional 766 shares in the last quarter. Kerusso Capital Management LLC grew its stake in shares of Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Swedbank AB increased its holdings in shares of Sherwin-Williams by 4.2% during the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock valued at $44,676,000 after purchasing an additional 4,681 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on SHW shares. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

Sherwin-Williams Stock Up 1.0 %

Shares of Sherwin-Williams stock traded up $3.33 on Wednesday, reaching $344.49. 1,499,179 shares of the company were exchanged, compared to its average volume of 1,634,746. The stock's 50 day moving average price is $354.10 and its 200-day moving average price is $364.35. The company has a market cap of $86.64 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $1.81 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS 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 paid a $0.79 dividend. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company'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 owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.

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.