Whittier Trust Co. Purchases 1,762 Shares of The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,365 shares of the specialty chemicals company’s stock after purchasing an additional 1,762 shares during the quarter. Whittier Trust Co.’s holdings in Sherwin-Williams were worth $15,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. Legacy Capital Wealth Partners LLC raised its position in shares of Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC raised its position in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after purchasing an additional 30 shares during the period. IMS Capital Management raised its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Sherwin-Williams by 0.4% during the third quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock worth $2,835,000 after purchasing an additional 31 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Citigroup reissued a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. One investment 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. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Stock Down 0.3 %

Shares of NYSE SHW opened at $334.56 on Thursday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The business has a 50-day simple moving average of $353.91 and a two-hundred day simple moving average of $365.04. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $84.15 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 period in the prior year, the company posted $1.81 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

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.