NorthRock Partners LLC Acquires 1,636 Shares of The Sherwin-Williams Company (NYSE:SHW)

NorthRock Partners LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,345 shares of the specialty chemicals company's stock after buying an additional 1,636 shares during the period. NorthRock Partners LLC's holdings in Sherwin-Williams were worth $1,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. Capital Investment Advisors LLC boosted its stake in shares of Sherwin-Williams by 5.6% during the 4th quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company's stock valued at $251,000 after purchasing an additional 39 shares in the last quarter. Wedmont Private Capital raised its position in shares of Sherwin-Williams by 9.5% in the 4th quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company's stock worth $938,000 after acquiring an additional 246 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Sherwin-Williams by 6.4% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,134 shares of the specialty chemicals company's stock valued at $725,000 after purchasing an additional 128 shares during the period. Rosenberg Matthew Hamilton grew its stake in Sherwin-Williams by 7.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after purchasing an additional 31 shares during the period. Finally, Community Trust & Investment Co. raised its holdings in Sherwin-Williams by 3.4% in the fourth quarter. Community Trust & Investment Co. now owns 9,319 shares of the specialty chemicals company's stock worth $3,168,000 after purchasing an additional 305 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHW. UBS Group lowered their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Morgan Stanley cut their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup lowered their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Trading Down 0.7%

Shares of NYSE:SHW traded down $2.42 during trading on Tuesday, hitting $359.58. 485,126 shares of the company's stock were exchanged, compared to its average volume of 1,759,272. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market cap of $90.11 billion, a P/E ratio of 34.07, a PEG ratio of 2.98 and a beta of 1.25. The firm has a 50-day moving average price of $341.84 and a two-hundred day moving average price of $355.17. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 annualized dividend and a yield of 0.88%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Company 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.