Pettyjohn Wood & White Inc. Acquires 775 Shares of The Sherwin-Williams Company (NYSE:SHW)

Pettyjohn Wood & White Inc. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 20.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,492 shares of the specialty chemicals company’s stock after purchasing an additional 775 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Sherwin-Williams were worth $1,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Van Cleef Asset Management Inc purchased a new position in Sherwin-Williams in the fourth quarter worth about $204,000. QRG Capital Management Inc. increased its position in shares of Sherwin-Williams by 138.8% during the fourth quarter. QRG Capital Management Inc. now owns 41,967 shares of the specialty chemicals company’s stock valued at $14,266,000 after acquiring an additional 24,394 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its position in 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 acquiring an additional 114,591 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Sherwin-Williams by 41,520.8% during 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 purchasing an additional 478,320 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $284,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 1.0 %

Shares of Sherwin-Williams stock opened at $356.02 on Friday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market capitalization of $89.54 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.98 and a beta of 1.22. The company has a fifty day moving average of $350.92 and a 200 day moving average of $365.51.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 last year, the business earned $1.81 earnings per share. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. 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 yield of 0.89%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHW. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Citigroup reaffirmed a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI increased their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

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.