Mairs & Power Inc. Boosts Stake in The Sherwin-Williams Company $SHW

Mairs & Power Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 464,043 shares of the specialty chemicals company’s stock after acquiring an additional 3,430 shares during the quarter. Sherwin-Williams comprises 1.5% of Mairs & Power Inc.’s portfolio, making the stock its 23rd biggest position. Mairs & Power Inc.’s holdings in Sherwin-Williams were worth $160,680,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cordatus Wealth Management LLC increased its position in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after acquiring an additional 5,744 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Sherwin-Williams by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after acquiring an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Sherwin-Williams by 26.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after acquiring an additional 6,408 shares in the last quarter. Inscription Capital LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth $1,069,000. Finally, Vanguard Group Inc. increased its holdings in Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a report on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research note on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.21.

Insider Buying and Selling

In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Up 1.0%

Shares of Sherwin-Williams stock opened at $323.08 on Tuesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a market capitalization of $79.92 billion, a PE ratio of 31.46, a P/E/G ratio of 2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The business has a 50-day moving average of $351.90 and a 200-day moving average of $343.91.

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

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 31.16%.

About Sherwin-Williams

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.