Whittier Trust Co. Purchases 1,762 Shares of The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,365 shares of the specialty chemicals company's stock after acquiring an additional 1,762 shares during the quarter. Whittier Trust Co.'s holdings in Sherwin-Williams were worth $15,080,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC raised its position in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC grew its stake in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after buying an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after acquiring an additional 30 shares during the period. IMS Capital Management lifted its position in Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after acquiring an additional 30 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Sherwin-Williams by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock worth $2,835,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $8.49 on Monday, hitting $342.90. The stock had a trading volume of 1,847,668 shares, compared to its average volume of 1,633,860. The company has a market capitalization of $86.24 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth 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 firm's 50 day moving average price is $354.10 and its 200-day moving average price is $364.49. 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 released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 quarter last year, the firm posted $1.81 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's payout ratio is currently 29.95%.

Insider Buying and Selling

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 shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $401.13.

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.