Blueprint Investment Partners LLC Purchases 153 Shares of The Sherwin-Williams Company (NYSE:SHW)

Blueprint Investment Partners LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 781 shares of the specialty chemicals company’s stock after buying an additional 153 shares during the period. Blueprint Investment Partners LLC’s holdings in Sherwin-Williams were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in Sherwin-Williams during the fourth quarter worth $37,148,000. Intellus Advisors LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $357,000. Sei Investments Co. boosted its holdings in shares of Sherwin-Williams by 13.9% in the 4th quarter. Sei Investments Co. now owns 135,631 shares of the specialty chemicals company’s stock worth $46,107,000 after buying an additional 16,502 shares during the last quarter. American Century Companies Inc. grew its position in Sherwin-Williams by 42.8% during the fourth quarter. American Century Companies Inc. now owns 431,402 shares of the specialty chemicals company’s stock valued at $146,646,000 after buying an additional 129,318 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Sherwin-Williams by 45.9% during the fourth quarter. Mizuho Securities USA LLC now owns 21,960 shares of the specialty chemicals company’s stock worth $7,465,000 after buying an additional 6,911 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $334.38 on Monday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. 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 stock has a market cap of $84.10 billion, a P/E ratio of 31.69, a PEG ratio of 2.98 and a beta of 1.23. The business’s 50-day moving average price is $353.97 and its two-hundred day moving average price is $364.61.

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, topping 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 period in the previous year, the firm posted $1.81 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.95%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is 29.95%.

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.