NewEdge Advisors LLC Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

NewEdge Advisors LLC raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 76.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,555 shares of the specialty chemicals company's stock after buying an additional 6,731 shares during the quarter. NewEdge Advisors LLC's holdings in Sherwin-Williams were worth $5,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after acquiring an additional 10,709 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $252,000. Eaton Financial Holdings Company LLC purchased a new position in Sherwin-Williams in the third quarter valued at about $608,000. Arvest Bank Trust Division purchased a new stake in Sherwin-Williams during the 3rd quarter worth $350,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Sherwin-Williams by 2,092.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company's stock valued at $6,392,000 after purchasing an additional 15,983 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. UBS Group decreased their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $392.00.

Sherwin-Williams Trading Down 1.1 %

SHW stock traded down $3.80 on Friday, reaching $330.64. The company's stock had a trading volume of 494,561 shares, compared to its average volume of 1,874,053. The business has a fifty day simple moving average of $342.57 and a two-hundred day simple moving average of $357.72. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 $83.16 billion, a PE ratio of 31.34, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 company earned $1.81 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.96%. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.