C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $245,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 722 shares of the specialty chemicals company’s stock after buying an additional 69 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Sherwin-Williams were worth $245,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Eastern Bank acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $422,000. Private Advisor Group LLC grew its stake in Sherwin-Williams by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 19,740 shares of the specialty chemicals company’s stock valued at $7,534,000 after buying an additional 315 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Sherwin-Williams by 30.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,627 shares of the specialty chemicals company’s stock valued at $621,000 after purchasing an additional 376 shares during the period. International Assets Investment Management LLC boosted its holdings in Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after purchasing an additional 724,907 shares during the period. Finally, YHB Investment Advisors Inc. boosted its holdings in Sherwin-Williams by 10.5% in the 3rd quarter. YHB Investment Advisors Inc. now owns 1,722 shares of the specialty chemicals company’s stock valued at $657,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $349.85 on Friday. The company has a 50 day simple moving average of $351.44 and a 200 day simple moving average of $365.20. The stock has a market cap of $88.11 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 3.04 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 27.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. 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 report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. 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 report on Tuesday, January 28th. Finally, Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $400.00.

About Sherwin-Williams

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.