Orion Portfolio Solutions LLC Purchases 461 Shares of The Sherwin-Williams Company (NYSE:SHW)

Orion Portfolio Solutions LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,218 shares of the specialty chemicals company’s stock after purchasing an additional 461 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sherwin-Williams were worth $7,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $28,000. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth $32,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $36,000. Finally, True Wealth Design LLC boosted its position in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada decreased their target price 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, Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $339.77 on Friday. The stock has a market cap of $85.46 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a fifty day moving average price of $353.59 and a 200-day moving average price of $363.86. 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 issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 period last year, the firm posted $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

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.