Waterfront Wealth Inc. Buys 56 Shares of The Sherwin-Williams Company (NYSE:SHW)

Waterfront Wealth Inc. increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,518 shares of the specialty chemicals company’s stock after purchasing an additional 56 shares during the quarter. Waterfront Wealth Inc.’s holdings in Sherwin-Williams were worth $785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $25,000. Union Savings Bank bought a new position in Sherwin-Williams in the 3rd quarter worth about $28,000. Providence Capital Advisors LLC increased its position in shares of Sherwin-Williams by 44,853.3% during the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 6,728 shares during the period. Lee Financial Co purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. Finally, BluePath Capital Management LLC purchased a new position in Sherwin-Williams during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on SHW shares. Citigroup upped their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Tuesday, February 27th. Barclays increased their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Activity

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $1.45 during midday trading on Thursday, reaching $311.61. The company’s stock had a trading volume of 95,649 shares, compared to its average volume of 1,386,028. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The stock has a fifty day moving average of $328.69 and a 200 day moving average of $296.92. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The firm has a market capitalization of $79.29 billion, a PE ratio of 33.53, a P/E/G ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is 30.92%.

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.