753 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by CogentBlue Wealth Advisors LLC

CogentBlue Wealth Advisors LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 753 shares of the specialty chemicals company’s stock, valued at approximately $256,000.

Other institutional investors have also recently made changes to their positions in the company. Bryn Mawr Capital Management LLC boosted its stake in Sherwin-Williams by 2.5% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 11,146 shares of the specialty chemicals company’s stock worth $3,695,000 after buying an additional 271 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth $307,000. Mcdonald Partners LLC grew its holdings in Sherwin-Williams by 1.1% during the 4th quarter. Mcdonald Partners LLC now owns 10,781 shares of the specialty chemicals company’s stock worth $3,665,000 after acquiring an additional 122 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Sherwin-Williams by 10.6% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 722 shares of the specialty chemicals company’s stock valued at $245,000 after purchasing an additional 69 shares in the last quarter. Finally, Valley Wealth Managers Inc. lifted its position in shares of Sherwin-Williams by 7.4% in the 4th quarter. Valley Wealth Managers Inc. now owns 1,515 shares of the specialty chemicals company’s stock worth $515,000 after purchasing an additional 104 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $351.39 on Thursday. The stock has a market cap of $88.50 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 3.08 and a beta of 1.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a 50 day simple moving average of $351.78 and a two-hundred day simple moving average of $365.30. 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 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 last year, the business earned $1.81 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is 27.11%.

Insider Activity at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHW shares. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. JPMorgan Chase & Co. increased 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. Finally, Royal Bank of Canada reduced their price target on 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 analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

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.