Envestnet Portfolio Solutions Inc. Purchases 718 Shares of The Sherwin-Williams Company (NYSE:SHW)

Envestnet Portfolio Solutions Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 21,292 shares of the specialty chemicals company’s stock after buying an additional 718 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Sherwin-Williams were worth $7,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at about $26,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $32,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. 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.

Sherwin-Williams Stock Performance

NYSE SHW opened at $342.73 on Tuesday. The firm has a market cap of $86.20 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23. The company has a 50 day moving average of $353.95 and a 200-day moving average of $365.49. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SHW shares. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Mizuho cut their price objective 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. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

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.