165 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 165 shares of the specialty chemicals company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $32,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. True Wealth Design LLC increased its holdings in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Finally, WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% during the 4th 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 in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SHW shares. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. 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 report on Monday, March 10th. Citigroup reissued a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.3 %

NYSE:SHW opened at $342.73 on Tuesday. The stock’s fifty day simple moving average is $353.95 and its 200-day simple moving average is $365.49. 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 firm has a market capitalization of $86.20 billion, a P/E ratio of 32.49, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 last year, the firm earned $1.81 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams’s payout ratio is currently 29.95%.

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.