Northbridge Financial Group LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,693 shares of the specialty chemicals company’s stock, valued at approximately $549,000.
Several other large investors have also added to or reduced their stakes in the business. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the 4th quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams during the 4th quarter valued at $31,000. Rossby Financial LCC lifted its stake in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. JPL Wealth Management LLC bought a new position in Sherwin-Williams during the 3rd quarter valued at $45,000. Finally, Avalon Trust Co lifted its stake in Sherwin-Williams by 677.3% during the 3rd quarter. Avalon Trust Co now owns 171 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Down 1.4%
NYSE SHW opened at $298.65 on Wednesday. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.62 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $294.32 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The business’s fifty day moving average is $321.85 and its 200-day moving average is $336.10.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s payout ratio is 30.71%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on SHW shares. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Citigroup dropped their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Bank of America dropped their target price on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.33.
View Our Latest Stock Analysis on SHW
Insider Activity at Sherwin-Williams
In related news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction that occurred 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 sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.
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.
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