Bristol Gate Capital Partners Inc. Lowers Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Bristol Gate Capital Partners Inc. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 286,690 shares of the specialty chemicals company’s stock after selling 3,520 shares during the period. Sherwin-Williams makes up about 4.7% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 8th biggest position. Bristol Gate Capital Partners Inc. owned 0.11% of Sherwin-Williams worth $97,454,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SHW. Principal Financial Group Inc. lifted its holdings 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 valued at $399,675,000 after acquiring an additional 10,709 shares during the period. Integrated Wealth Concepts LLC boosted its position in Sherwin-Williams by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 2,266 shares of the specialty chemicals company’s stock valued at $865,000 after buying an additional 177 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Sherwin-Williams during the third quarter worth about $297,000. EP Wealth Advisors LLC grew its stake in Sherwin-Williams by 358.1% during the third quarter. EP Wealth Advisors LLC now owns 17,848 shares of the specialty chemicals company’s stock worth $6,812,000 after buying an additional 13,952 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of Sherwin-Williams by 609.3% during the third quarter. Zurich Insurance Group Ltd FI now owns 58,166 shares of the specialty chemicals company’s stock worth $22,200,000 after buying an additional 49,966 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction 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 insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. Royal Bank of Canada decreased 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. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Citigroup reiterated a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $398.94.

Sherwin-Williams Price Performance

Shares of SHW opened at $331.91 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market capitalization of $83.48 billion, a PE ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The stock has a 50 day simple moving average of $352.24 and a 200 day simple moving average of $362.71. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $1.81 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Sherwin-Williams 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.