Proficio Capital Partners LLC Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Proficio Capital Partners LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411 shares of the specialty chemicals company’s stock after purchasing an additional 259 shares during the quarter. Proficio Capital Partners LLC’s holdings in Sherwin-Williams were worth $479,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. M&T Bank Corp lifted its position in Sherwin-Williams by 0.6% in the fourth quarter. M&T Bank Corp now owns 183,748 shares of the specialty chemicals company’s stock valued at $62,462,000 after buying an additional 1,135 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Sherwin-Williams by 15.4% in the 4th quarter. Assetmark Inc. now owns 9,125 shares of the specialty chemicals company’s stock worth $3,102,000 after acquiring an additional 1,219 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in shares of Sherwin-Williams by 12.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,693 shares of the specialty chemicals company’s stock worth $576,000 after purchasing an additional 187 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in Sherwin-Williams by 29.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,105 shares of the specialty chemicals company’s stock valued at $714,000 after purchasing an additional 478 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Sherwin-Williams by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock valued at $500,402,000 after purchasing an additional 50,983 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHW. JPMorgan Chase & Co. lifted 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. Morgan Stanley dropped their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Mizuho reduced their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’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 completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 2.5 %

Shares of NYSE SHW opened at $342.90 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market capitalization of $86.24 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The business has a 50-day moving average of $354.10 and a two-hundred day moving average of $364.49.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 period last year, the company earned $1.81 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was 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 yield of 0.92%. Sherwin-Williams’s payout ratio is 29.95%.

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.