Baxter Bros Inc. Sells 387 Shares of The Sherwin-Williams Company (NYSE:SHW)

Baxter Bros Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,070 shares of the specialty chemicals company’s stock after selling 387 shares during the quarter. Sherwin-Williams accounts for approximately 1.0% of Baxter Bros Inc.’s investment portfolio, making the stock its 25th largest holding. Baxter Bros Inc.’s holdings in Sherwin-Williams were worth $7,842,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHW. Prestige Wealth Management Group LLC increased its holdings in Sherwin-Williams by 7.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,061 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 69 shares during the period. Zions Bancorporation N.A. increased its stake in shares of Sherwin-Williams by 17.3% in the fourth quarter. Zions Bancorporation N.A. now owns 13,766 shares of the specialty chemicals company’s stock worth $4,679,000 after acquiring an additional 2,026 shares during the period. TIAA Trust National Association raised its holdings in shares of Sherwin-Williams by 6.1% during the fourth quarter. TIAA Trust National Association now owns 44,529 shares of the specialty chemicals company’s stock worth $15,137,000 after purchasing an additional 2,546 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock valued at $757,000 after purchasing an additional 34 shares during the last quarter. Finally, Modern Wealth Management LLC raised its stake in shares of Sherwin-Williams by 70.5% during the 4th quarter. Modern Wealth Management LLC now owns 895 shares of the specialty chemicals company’s stock valued at $322,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHW. Citigroup reaffirmed a “buy” rating and set a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Stock Up 2.5 %

SHW stock opened at $342.90 on Tuesday. The company has a fifty day moving average price of $354.10 and a 200 day moving average price of $364.49. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a market cap 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 company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates 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 business earned $1.81 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) 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.