625 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 625 shares of the specialty chemicals company’s stock, valued at approximately $212,000.

Several other large investors also recently modified their holdings of SHW. FMR LLC increased its position in Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after acquiring an additional 999,164 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after purchasing an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its stake in shares of Sherwin-Williams by 5.6% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock valued at $738,261,000 after purchasing an additional 114,591 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sherwin-Williams by 12.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after purchasing an additional 187,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Sherwin-Williams by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock worth $500,402,000 after buying an additional 50,983 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $341.99 on Monday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s fifty day simple moving average is $353.85 and its 200-day simple moving average is $365.62. The company has a market capitalization of $86.01 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last released 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the firm earned $1.81 earnings per share. On average, equities research analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change 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%. Sherwin-Williams’s payout ratio is currently 29.95%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Citigroup restated a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.