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

Waterfront Wealth Inc. raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SHW. Court Place Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $211,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Sherwin-Williams by 112.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 519 shares of the specialty chemicals company’s stock valued at $162,000 after purchasing an additional 275 shares during the period. Daiwa Securities Group Inc. raised its position in Sherwin-Williams by 8.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,149 shares of the specialty chemicals company’s stock worth $6,908,000 after purchasing an additional 1,802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sherwin-Williams by 36.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,809 shares of the specialty chemicals company’s stock worth $18,966,000 after buying an additional 16,120 shares during the period. Finally, Suncoast Equity Management grew its position in shares of Sherwin-Williams by 3.7% in the 4th quarter. Suncoast Equity Management now owns 11,061 shares of the specialty chemicals company’s stock valued at $3,450,000 after buying an additional 398 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Mizuho cut their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Barclays raised their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price target for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.94.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.45 during mid-day trading on Thursday, reaching $311.61. 95,649 shares of the company’s stock were exchanged, compared to its average volume of 1,386,028. The business’s fifty day simple moving average is $328.69 and its 200 day simple moving average is $296.92. 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 Sherwin-Williams Company has a one year low of $221.76 and a one year 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 released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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