Rathbones Group PLC Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Rathbones Group PLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 273,841 shares of the specialty chemicals company’s stock after purchasing an additional 6,663 shares during the period. Rathbones Group PLC owned 0.11% of Sherwin-Williams worth $94,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. MTM Investment Management LLC purchased a new position in shares of Sherwin-Williams in the second quarter worth about $26,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares during the period. Rossby Financial LCC grew its stake in Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Sherwin-Williams during the 2nd quarter valued at $36,000. Finally, True Wealth Design LLC lifted its position in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHW. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a report on Friday, January 30th. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $329.77 on Friday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The stock has a market cap of $81.57 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25. The firm’s fifty day moving average price is $352.17 and its 200-day moving average price is $345.87.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 2nd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.