Cetera Investment Advisers Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Cetera Investment Advisers boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,674 shares of the specialty chemicals company's stock after acquiring an additional 3,681 shares during the quarter. Cetera Investment Advisers' holdings in Sherwin-Williams were worth $20,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $36,000. WR Wealth Planners LLC increased its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $4.00 during mid-day trading on Wednesday, reaching $352.04. The company's stock had a trading volume of 409,798 shares, compared to its average volume of 1,828,109. The firm has a market capitalization of $88.22 billion, a PE ratio of 33.37, a P/E/G ratio of 2.98 and a beta of 1.25. 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 stock has a fifty day moving average of $341.61 and a two-hundred day moving average of $355.25. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.17 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly 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 document filed with the SEC, which is available at this link. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SHW shares. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley reduced their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group reduced their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Citigroup reduced their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $397.00.

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.