Atria Investments Inc Reduces Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Atria Investments Inc lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,123 shares of the specialty chemicals company’s stock after selling 698 shares during the quarter. Atria Investments Inc’s holdings in Sherwin-Williams were worth $11,939,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS boosted its holdings in Sherwin-Williams by 4.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock valued at $275,000 after acquiring an additional 29 shares during the period. Essex Savings Bank boosted its holdings in Sherwin-Williams by 3.4% during the 3rd quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock valued at $336,000 after acquiring an additional 29 shares during the period. Legacy Capital Wealth Partners LLC boosted its holdings in Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC raised its position in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its position in Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

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 stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was 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 the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 2.0 %

Shares of SHW stock opened at $362.54 on Thursday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock’s fifty day moving average price is $351.99 and its 200 day moving average price is $365.84. 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 company has a market cap of $91.18 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $1.81 EPS. On average, research analysts expect 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 paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Finally, Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price 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.