Midland Wealth Advisors LLC Has $8.09 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Midland Wealth Advisors LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,806 shares of the specialty chemicals company's stock after selling 10,590 shares during the quarter. Sherwin-Williams accounts for approximately 0.5% of Midland Wealth Advisors LLC's investment portfolio, making the stock its 16th biggest holding. Midland Wealth Advisors LLC's holdings in Sherwin-Williams were worth $8,092,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHW. First Personal Financial Services bought a new stake in Sherwin-Williams during the third quarter worth $29,000. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth $26,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams during the third quarter worth $32,000. True Wealth Design LLC raised its position in Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams during the third quarter worth $38,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.8 %

NYSE SHW traded down $2.81 during trading hours on Wednesday, reaching $350.21. The company's stock had a trading volume of 1,409,000 shares, compared to its average volume of 1,612,285. The firm has a fifty day simple moving average of $353.57 and a 200-day simple moving average of $365.85. The stock has a market cap of $88.08 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week 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.

Remove Ads

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 (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 last year, the firm posted $1.81 earnings per share. Equities analysts forecast 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. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Insiders Place Their Bets

In other Sherwin-Williams 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 completion of the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday. Citigroup reiterated a "buy" rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Mizuho decreased their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

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.