The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 4.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,472 shares of the specialty chemicals company’s stock after purchasing an additional 62 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Sherwin-Williams were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its position in shares of Sherwin-Williams by 4.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 1,134 shares of the specialty chemicals company’s stock valued at $354,000 after acquiring an additional 53 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $205,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $35,000. Blue Trust Inc. lifted its position in shares of Sherwin-Williams by 6.8% during the 4th quarter. Blue Trust Inc. now owns 1,286 shares of the specialty chemicals company’s stock valued at $401,000 after acquiring an additional 82 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in shares of Sherwin-Williams by 868.1% during the 4th quarter. Gradient Investments LLC now owns 697 shares of the specialty chemicals company’s stock valued at $217,000 after acquiring an additional 625 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Jane M. Cronin 9,320 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHW. Royal Bank of Canada increased their target price on Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley raised their target price on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets raised their target price on Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Stock Down 0.2 %

NYSE SHW traded down $0.71 during trading on Tuesday, hitting $351.84. 1,354,890 shares of the company traded hands, compared to its average volume of 1,618,140. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $356.69. The business has a fifty day simple moving average of $308.11 and a 200 day simple moving average of $315.36. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $88.76 billion, a P/E ratio of 37.40, a PEG ratio of 2.75 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company earned $3.29 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.81%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Sherwin-Williams 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.