NewEdge Wealth LLC Purchases 233 Shares of The Sherwin-Williams Company (NYSE:SHW)

NewEdge Wealth LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,629 shares of the specialty chemicals company’s stock after acquiring an additional 233 shares during the period. NewEdge Wealth LLC’s holdings in Sherwin-Williams were worth $4,973,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. Valued Wealth Advisors LLC raised its holdings in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter worth approximately $26,000. First Personal Financial Services acquired a new position in Sherwin-Williams during the third quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in Sherwin-Williams during the fourth quarter worth approximately $36,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.0 %

Shares of SHW stock opened at $356.02 on Friday. 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 stock has a market cap of $89.54 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The stock has a 50 day simple moving average of $350.92 and a 200 day simple moving average of $365.51. 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 issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $1.81 earnings per share. On average, research 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. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.89%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup reissued a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $403.31.

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.