Dynasty Wealth Management LLC Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Dynasty Wealth Management LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,381 shares of the specialty chemicals company’s stock after purchasing an additional 140 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Sherwin-Williams were worth $809,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its position in shares of Sherwin-Williams by 19.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 1,116 shares of the specialty chemicals company’s stock valued at $426,000 after buying an additional 185 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Sherwin-Williams by 2.4% during the third quarter. Pinnacle Associates Ltd. now owns 3,044 shares of the specialty chemicals company’s stock worth $1,162,000 after acquiring an additional 71 shares during the last quarter. SteelPeak Wealth LLC raised its position in Sherwin-Williams by 790.9% during the third quarter. SteelPeak Wealth LLC now owns 1,176 shares of the specialty chemicals company’s stock valued at $449,000 after purchasing an additional 1,044 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Sherwin-Williams by 41.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 17,990 shares of the specialty chemicals company’s stock valued at $6,866,000 after purchasing an additional 5,288 shares during the last quarter. Finally, Norris Perne & French LLP MI boosted its holdings in shares of Sherwin-Williams by 110.4% in the 3rd quarter. Norris Perne & French LLP MI now owns 68,005 shares of the specialty chemicals company’s stock worth $25,955,000 after purchasing an additional 35,688 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $362.46 on Friday. The company has a 50 day moving average price of $351.26 and a 200-day moving average price of $365.65. 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 stock has a market capitalization of $91.16 billion, a PE ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

About Sherwin-Williams

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.