Whittier Trust Co. of Nevada Inc. Purchases 6,569 Shares of The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. of Nevada Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,949 shares of the specialty chemicals company’s stock after purchasing an additional 6,569 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sherwin-Williams were worth $7,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $26,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth $32,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth $36,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.3 %

Sherwin-Williams stock opened at $336.01 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 business’s 50-day simple moving average is $353.88 and its two-hundred day simple moving average is $364.83. The company has a market cap of $84.51 billion, a PE ratio of 31.85, a PEG ratio of 2.98 and a beta of 1.23. 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 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 in the prior year, the firm posted $1.81 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHW. Citigroup reissued a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price 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.