Pettyjohn Wood & White Inc. Grows Holdings in The Sherwin-Williams Company (NYSE:SHW)

Pettyjohn Wood & White Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,492 shares of the specialty chemicals company's stock after purchasing an additional 775 shares during the period. Pettyjohn Wood & White Inc.'s holdings in Sherwin-Williams were worth $1,527,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock valued at $162,987,000 after buying an additional 478,320 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Canoe Financial LP grew its position in Sherwin-Williams by 542.0% in the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after acquiring an additional 286,791 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Sherwin-Williams by 47.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company's stock valued at $293,889,000 after acquiring an additional 278,242 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.4 %

Shares of Sherwin-Williams stock traded down $1.42 during trading on Tuesday, reaching $355.31. 2,563,192 shares of the stock were exchanged, compared to its average volume of 1,594,574. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market cap of $89.36 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. 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 stock's fifty day moving average is $351.49 and its 200 day moving average is $365.86.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 last year, the company posted $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given 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 yield of 0.89%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams's payout ratio is presently 29.95%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $403.31.

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.