Oppenheimer & Co. Inc. Has $2.89 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Oppenheimer & Co. Inc. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,512 shares of the specialty chemicals company’s stock after selling 117 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sherwin-Williams were worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $26,000. First Personal Financial Services bought a new stake in shares of Sherwin-Williams in the third quarter worth $29,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams in the third quarter valued at $32,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter worth $36,000. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams during the 3rd quarter worth $38,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 2.0 %

NYSE SHW opened at $362.46 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The business has a 50 day moving average price of $351.26 and a 200-day moving average price of $365.76. The company has a market cap of $91.16 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 quarter last year, the firm posted $1.81 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.79 dividend. This is a boost 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 0.87%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHW. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. 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. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup reaffirmed a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $403.31.

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.