Sequoia Financial Advisors LLC Buys 50,904 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sequoia Financial Advisors LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 106.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,837 shares of the specialty chemicals company’s stock after buying an additional 50,904 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $33,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC increased its holdings in shares of Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after purchasing an additional 523 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after buying an additional 209 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after acquiring an additional 2,303 shares during the period. Burney Co. boosted its holdings in shares of Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after acquiring an additional 766 shares during the last quarter. Finally, Kerusso Capital Management LLC grew its stake in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after acquiring an additional 4,439 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on 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. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SHW. Citigroup restated a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Trading Down 1.1 %

SHW stock opened at $353.78 on Wednesday. The company has a market capitalization of $88.98 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business has a 50 day simple moving average of $353.36 and a two-hundred day simple moving average of $365.96.

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

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

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.