Ieq Capital LLC Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Ieq Capital LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,319 shares of the specialty chemicals company’s stock after buying an additional 3,574 shares during the quarter. Ieq Capital LLC’s holdings in Sherwin-Williams were worth $5,547,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Freedom Day Solutions LLC lifted 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 worth $3,230,000 after buying an additional 147 shares during the last quarter. CogentBlue Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $256,000. Bryn Mawr Capital Management LLC lifted its position in shares of Sherwin-Williams by 2.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 11,146 shares of the specialty chemicals company’s stock worth $3,695,000 after buying an additional 271 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $307,000. Finally, Mcdonald Partners LLC lifted its position in shares of Sherwin-Williams by 1.1% during the 4th quarter. Mcdonald Partners LLC now owns 10,781 shares of the specialty chemicals company’s stock worth $3,665,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Evercore ISI upped their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $344.54 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The stock has a market capitalization of $86.77 billion, a P/E ratio of 32.66, a P/E/G ratio of 3.00 and a beta of 1.22. The company’s fifty day moving average is $351.04 and its two-hundred day moving average is $365.24.

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, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the firm posted $1.81 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is 27.11%.

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.