Modera Wealth Management LLC Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Modera Wealth Management LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,445 shares of the specialty chemicals company’s stock after acquiring an additional 112 shares during the quarter. Modera Wealth Management LLC’s holdings in Sherwin-Williams were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $26,000. First Personal Financial Services bought a new position in Sherwin-Williams during the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams during the 3rd quarter valued at approximately $32,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams during the 3rd quarter valued at approximately $38,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on 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 directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup reaffirmed a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada lowered their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $403.31.

Sherwin-Williams Stock Performance

SHW stock opened at $355.31 on Wednesday. The company has a market cap of $89.36 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year 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. The stock’s fifty day moving average price is $351.67 and its 200-day moving average price is $365.87.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 period in the prior year, the company posted $1.81 EPS. On average, equities analysts forecast 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 will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This is a boost 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 of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 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.