The Sherwin-Williams Company (NYSE:SHW) Stock Position Reduced by Boston Family Office LLC

Boston Family Office LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,997 shares of the specialty chemicals company’s stock after selling 335 shares during the quarter. Boston Family Office LLC’s holdings in Sherwin-Williams were worth $8,497,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the fourth quarter valued at $28,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at $32,000. True Wealth Design LLC grew 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 worth $38,000 after acquiring an additional 90 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth about $36,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SHW. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group reissued a “hold” rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Trading Up 2.8 %

NYSE:SHW opened at $349.35 on Tuesday. The stock has a fifty day simple moving average of $353.50 and a 200 day simple moving average of $363.63. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $87.87 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. 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 announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 period in the previous year, the business earned $1.81 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio 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.