11,029 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Heritage Trust Co

Heritage Trust Co purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,029 shares of the specialty chemicals company’s stock, valued at approximately $3,749,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC boosted its position in shares of Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 29 shares during the last quarter. Apella Capital LLC lifted its stake in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its holdings in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Sherwin-Williams by 7.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 31 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup lowered their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays dropped their price target on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $393.31.

Insider Activity at Sherwin-Williams

In related 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 completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $329.87 on Friday. 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 stock has a market cap of $82.97 billion, a P/E ratio of 31.27, a PEG ratio of 2.98 and a beta of 1.26. The company has a 50-day moving average price of $347.88 and a 200 day moving average price of $360.67. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 quarter last year, the firm posted $1.81 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

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.