Farther Finance Advisors LLC Has $1.32 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Farther Finance Advisors LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,882 shares of the specialty chemicals company’s stock after purchasing an additional 413 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sherwin-Williams were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $26,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams in the third quarter valued at $32,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $36,000. True Wealth Design LLC lifted its stake in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

SHW stock opened at $341.91 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 12 month low of $282.09 and a 12 month high of $400.42. The firm has a market cap of $85.99 billion, a P/E ratio of 32.41, a P/E/G ratio of 2.98 and a beta of 1.23. The company’s 50-day moving average price is $353.74 and its two-hundred day moving average price is $365.68.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $1.81 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHW. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Citigroup reissued a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams 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.