The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Increased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 56.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,159 shares of the specialty chemicals company’s stock after acquiring an additional 1,509 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Sherwin-Williams were worth $1,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Flossbach Von Storch SE increased its position in shares of Sherwin-Williams by 5.7% during the 4th quarter. Flossbach Von Storch SE now owns 751,803 shares of the specialty chemicals company’s stock valued at $255,560,000 after purchasing an additional 40,216 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Sherwin-Williams by 4.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,186 shares of the specialty chemicals company’s stock valued at $4,482,000 after purchasing an additional 504 shares during the period. Handelsbanken Fonder AB increased its position in shares of Sherwin-Williams by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 104,700 shares of the specialty chemicals company’s stock valued at $35,591,000 after purchasing an additional 6,582 shares during the period. Ieq Capital LLC increased its position in shares of Sherwin-Williams by 28.0% during the 4th quarter. Ieq Capital LLC now owns 16,319 shares of the specialty chemicals company’s stock valued at $5,547,000 after purchasing an additional 3,574 shares during the period. Finally, Freedom Day Solutions LLC increased its position in shares of Sherwin-Williams by 1.6% during the 4th quarter. Freedom Day Solutions LLC now owns 9,501 shares of the specialty chemicals company’s stock valued at $3,230,000 after purchasing an additional 147 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.6 %

NYSE:SHW opened at $349.85 on Friday. The firm has a market capitalization of $88.11 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.00 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year 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. The business’s fifty day moving average price is $351.44 and its 200 day moving average price is $365.20.

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 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 quarter last year, the business earned $1.81 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company 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 $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is 27.11%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHW shares. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. 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 report on Monday, February 3rd. Finally, Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

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.