Modern Wealth Management LLC Has $322,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Modern Wealth Management LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 70.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 895 shares of the specialty chemicals company’s stock after acquiring an additional 370 shares during the period. Modern Wealth Management LLC’s holdings in Sherwin-Williams were worth $322,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Sherwin-Williams in the 4th quarter worth about $230,829,000. Proficio Capital Partners LLC raised its holdings in Sherwin-Williams by 41,520.8% in the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock valued at $162,987,000 after buying an additional 478,320 shares during the last quarter. Canoe Financial LP boosted its position in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after buying an additional 286,791 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Sherwin-Williams by 47.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after acquiring an additional 278,242 shares during the last quarter. Finally, Cibc World Markets Corp increased its position in Sherwin-Williams by 734.4% in the 4th quarter. Cibc World Markets Corp now owns 267,297 shares of the specialty chemicals company’s stock valued at $90,862,000 after acquiring an additional 235,264 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent research reports. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Citigroup reissued a “buy” rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price target 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. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Performance

Shares of SHW opened at $345.45 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a market cap of $86.88 billion, a PE ratio of 32.74, a P/E/G ratio of 2.98 and a beta of 1.23. The stock has a 50-day moving average of $353.87 and a 200-day moving average of $364.08. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed 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. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.91%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Sherwin-Williams Company 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.