Forvis Mazars Wealth Advisors LLC Has $1.39 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Forvis Mazars Wealth Advisors LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,084 shares of the specialty chemicals company’s stock after buying an additional 169 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Howard Capital Management Inc. boosted its position in Sherwin-Williams by 4.3% during the fourth quarter. Howard Capital Management Inc. now owns 1,489 shares of the specialty chemicals company’s stock valued at $506,000 after purchasing an additional 62 shares during the last quarter. ST. Nicholas Private Asset Management Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $839,000. Pinnacle Financial Partners Inc lifted its holdings in shares of Sherwin-Williams by 2.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 61,598 shares of the specialty chemicals company’s stock valued at $20,959,000 after buying an additional 1,299 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of Sherwin-Williams by 5.6% during the 4th quarter. Sigma Planning Corp now owns 2,044 shares of the specialty chemicals company’s stock valued at $695,000 after buying an additional 108 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its stake in shares of Sherwin-Williams by 12.7% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 1,683 shares of the specialty chemicals company’s stock valued at $572,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.6 %

Shares of Sherwin-Williams stock opened at $344.54 on Monday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company’s fifty day simple moving average is $351.04 and its 200-day simple moving average is $365.56. The company has a market cap of $86.61 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.98 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $1.81 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio is 29.95%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Morgan Stanley cut their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.59.

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.