MONECO Advisors LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

MONECO Advisors LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 8.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 949 shares of the specialty chemicals company’s stock after acquiring an additional 73 shares during the period. MONECO Advisors LLC’s holdings in Sherwin-Williams were worth $323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services acquired a new position in Sherwin-Williams in the third quarter valued at about $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter worth about $32,000. GHP Investment Advisors Inc. boosted its stake in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHW. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $400.59.

Sherwin-Williams Trading Down 0.2 %

Shares of NYSE:SHW opened at $343.97 on Tuesday. The company has a market cap of $86.46 billion, a PE ratio of 32.60, a P/E/G ratio of 2.98 and a beta of 1.22. The company’s 50 day moving average is $350.62 and its two-hundred day moving average is $365.57. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the firm earned $1.81 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.92%. Sherwin-Williams’s payout ratio is presently 29.95%.

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.