Endowment Wealth Management Inc. Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

Endowment Wealth Management Inc. lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 966 shares of the specialty chemicals company’s stock after selling 30 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Sherwin-Williams were worth $329,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SHW. Avantax Planning Partners Inc. raised its holdings in Sherwin-Williams by 2.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 35 shares during the period. King Luther Capital Management Corp raised its holdings in Sherwin-Williams by 2.2% in the 4th quarter. King Luther Capital Management Corp now owns 253,292 shares of the specialty chemicals company’s stock valued at $86,102,000 after buying an additional 5,486 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Sherwin-Williams by 35.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 5,668 shares of the specialty chemicals company’s stock valued at $1,927,000 after buying an additional 1,495 shares during the period. Sage Mountain Advisors LLC raised its holdings in Sherwin-Williams by 5.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 1,412 shares of the specialty chemicals company’s stock valued at $480,000 after buying an additional 79 shares during the period. Finally, Independent Advisor Alliance grew its position in Sherwin-Williams by 11.8% in the 4th quarter. Independent Advisor Alliance now owns 13,296 shares of the specialty chemicals company’s stock valued at $4,520,000 after acquiring an additional 1,402 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $358.11 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market cap of $90.07 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.98 and a beta of 1.23. 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 firm’s 50-day simple moving average is $353.08 and its 200 day simple moving average is $365.99.

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, topping the consensus estimate 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 last year, the company posted $1.81 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is an increase 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 0.88%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s payout ratio is currently 29.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

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.