The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,647 shares of the specialty chemicals company's stock after purchasing an additional 922 shares during the period. Sherwin-Williams accounts for about 0.8% of Palumbo Wealth Management LLC's portfolio, making the stock its 29th largest holding. Palumbo Wealth Management LLC's holdings in Sherwin-Williams were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Valued Wealth Advisors LLC increased its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. grew its stake in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams during the third quarter worth $38,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SHW shares. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Citigroup dropped their target price on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $400.00.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 completion of the sale, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $1.61 during trading on Wednesday, hitting $351.39. 2,042,652 shares of the company were exchanged, compared to its average volume of 1,586,558. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a 50 day moving average price of $352.19 and a 200 day moving average price of $365.40. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 3.08 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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 previous year, the business earned $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams's payout ratio is 27.11%.

Sherwin-Williams Company 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.