SevenBridge Financial Group LLC Has $3.85 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

SevenBridge Financial Group LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,641 shares of the specialty chemicals company's stock after acquiring an additional 1,116 shares during the quarter. SevenBridge Financial Group LLC's holdings in Sherwin-Williams were worth $3,845,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock valued at $399,675,000 after acquiring an additional 10,709 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Sherwin-Williams by 14.0% in the third quarter. Public Sector Pension Investment Board now owns 8,980 shares of the specialty chemicals company's stock worth $3,427,000 after purchasing an additional 1,100 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at $227,000. Ascent Group LLC raised its stake in shares of Sherwin-Williams by 18.5% during the third quarter. Ascent Group LLC now owns 1,718 shares of the specialty chemicals company's stock valued at $656,000 after purchasing an additional 268 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Sherwin-Williams by 127.3% in the third quarter. Hilltop Holdings Inc. now owns 4,432 shares of the specialty chemicals company's stock worth $1,691,000 after purchasing an additional 2,482 shares during the period. Institutional investors own 77.67% of the company's stock.

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Analysts Set New Price Targets

SHW has been the topic of several research analyst reports. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Wells Fargo & Company decreased their price target on Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating for the company in a research note on Thursday. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $398.94.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 2.6 %

NYSE:SHW traded down $8.74 during trading hours on Friday, hitting $331.91. 4,337,001 shares of the company's stock traded hands, compared to its average volume of 1,748,173. The stock's fifty day moving average price is $352.24 and its two-hundred day moving average price is $362.90. The firm has a market cap of $83.48 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. 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 Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

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 for the quarter, beating 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 prior year, the business posted $1.81 EPS. On average, 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 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

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.