Whittier Trust Co. of Nevada Inc. Purchases 6,569 Shares of The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. of Nevada Inc. grew its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,949 shares of the specialty chemicals company's stock after purchasing an additional 6,569 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Sherwin-Williams were worth $7,461,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHW. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $36,000. True Wealth Design LLC raised its holdings in shares of 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, WR Wealth Planners LLC raised its holdings in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded down $1.51 during midday trading on Tuesday, hitting $341.20. The company's stock had a trading volume of 1,180,490 shares, compared to its average volume of 1,633,614. 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 stock's 50 day simple moving average is $354.10 and its 200 day simple moving average is $364.49. The stock has a market capitalization of $85.82 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results 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 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, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SHW shares. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Mizuho cut their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Finally, Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $401.13.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

About Sherwin-Williams

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.