K.J. Harrison & Partners Inc Acquires 1,930 Shares of The Sherwin-Williams Company (NYSE:SHW)

K.J. Harrison & Partners Inc lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,644 shares of the specialty chemicals company’s stock after purchasing an additional 1,930 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Sherwin-Williams were worth $4,879,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHW. Vanguard Group Inc. raised its stake in Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after buying an additional 187,478 shares in the last quarter. FMR LLC boosted its stake in shares of Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after acquiring an additional 2,146,102 shares during the last quarter. Morgan Stanley boosted its stake in shares of Sherwin-Williams by 1.5% during the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after acquiring an additional 75,571 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Clearbridge Investments LLC now owns 2,662,647 shares of the specialty chemicals company’s stock valued at $679,108,000 after purchasing an additional 28,554 shares during the period. Finally, Northern Trust Corp increased its holdings in Sherwin-Williams by 4.4% in the 3rd quarter. Northern Trust Corp now owns 2,524,391 shares of the specialty chemicals company’s stock valued at $643,846,000 after acquiring an additional 106,319 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Evercore ISI reduced their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $377.00 price objective (down from $385.00) on shares of Sherwin-Williams in a report on Wednesday. Finally, Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $337.37.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karl J. Jorgenrud sold 2,690 shares of Sherwin-Williams stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.50, for a total value of $867,525.00. Following the completion of the transaction, the insider now owns 12,941 shares in the company, valued at approximately $4,173,472.50. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.5 %

Shares of NYSE SHW traded up $1.64 during mid-day trading on Friday, reaching $306.45. 1,365,463 shares of the company’s stock were exchanged, compared to its average volume of 1,466,097. The firm has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.41 and a beta of 1.15. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The business has a fifty day simple moving average of $328.05 and a 200 day simple moving average of $299.19. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.93%. Sherwin-Williams’s payout ratio is currently 30.49%.

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.