Harbour Investments Inc. Acquires 59 Shares of The Sherwin-Williams Company (NYSE:SHW)

Harbour Investments Inc. increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797 shares of the specialty chemicals company’s stock after purchasing an additional 59 shares during the period. Harbour Investments Inc.’s holdings in Sherwin-Williams were worth $951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after acquiring an additional 10,709 shares in the last quarter. Empowered Funds LLC increased its holdings in Sherwin-Williams by 5.6% during the 3rd quarter. Empowered Funds LLC now owns 5,239 shares of the specialty chemicals company’s stock worth $2,000,000 after purchasing an additional 278 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $314,000. Caprock Group LLC lifted its holdings in shares of Sherwin-Williams by 8.5% in the third quarter. Caprock Group LLC now owns 6,315 shares of the specialty chemicals company’s stock valued at $2,410,000 after purchasing an additional 497 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 7.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,454 shares of the specialty chemicals company’s stock worth $1,318,000 after buying an additional 253 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on 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 owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Citigroup reissued a “buy” rating and issued a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Stock Down 0.3 %

SHW stock opened at $334.56 on Thursday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business’s 50 day simple moving average is $353.91 and its 200 day simple moving average is $365.04. 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 firm has a market capitalization of $84.15 billion, a PE ratio of 31.71, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the company earned $1.81 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) 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.