Value Partners Investments Inc. Has $2.27 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Value Partners Investments Inc. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,683 shares of the specialty chemicals company’s stock after acquiring an additional 296 shares during the quarter. Value Partners Investments Inc.’s holdings in Sherwin-Williams were worth $2,272,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new position in Sherwin-Williams in the fourth quarter worth about $36,000. WR Wealth Planners LLC lifted its stake in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 2.2 %

NYSE SHW opened at $337.11 on Monday. 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 12 month low of $282.09 and a 12 month high of $400.42. The company has a market capitalization of $84.79 billion, a PE ratio of 31.95, a P/E/G ratio of 2.98 and a beta of 1.26. The stock has a 50-day simple moving average of $347.47 and a 200 day simple moving average of $360.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $1.81 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS 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 paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent research reports. Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays reduced their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Finally, UBS Group decreased their price target on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $393.31.

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.