Avantax Planning Partners Inc. Purchases 35 Shares of The Sherwin-Williams Company (NYSE:SHW)

Avantax Planning Partners Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the specialty chemicals company’s stock after purchasing an additional 35 shares during the period. Avantax Planning Partners Inc.’s holdings in Sherwin-Williams were worth $515,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after buying an additional 10,709 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Sherwin-Williams by 5.5% during the third quarter. Assetmark Inc. now owns 7,906 shares of the specialty chemicals company’s stock worth $3,018,000 after purchasing an additional 411 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings in Sherwin-Williams by 4.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 2,170 shares of the specialty chemicals company’s stock worth $831,000 after buying an additional 86 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Sherwin-Williams by 59.5% during the third quarter. Axxcess Wealth Management LLC now owns 1,252 shares of the specialty chemicals company’s stock valued at $478,000 after purchasing an additional 467 shares during the last quarter. Finally, Tyler Stone Wealth Management grew its position in Sherwin-Williams by 112.7% in the 3rd quarter. Tyler Stone Wealth Management now owns 704 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 373 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.1 %

Shares of SHW stock opened at $353.78 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a 50 day simple moving average of $353.36 and a two-hundred day simple moving average of $365.96. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market cap of $88.98 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 company earned $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current 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 paid a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is 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.