Lee Danner & Bass Inc. Invests $28,000 in The Sherwin-Williams Company (NYSE:SHW)

Lee Danner & Bass Inc. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 82 shares of the specialty chemicals company’s stock, valued at approximately $28,000.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its position in Sherwin-Williams by 42.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 21,949 shares of the specialty chemicals company’s stock valued at $7,461,000 after buying an additional 6,569 shares during the period. Holderness Investments Co. boosted its position in Sherwin-Williams by 42.1% in the 4th quarter. Holderness Investments Co. now owns 5,066 shares of the specialty chemicals company’s stock valued at $1,722,000 after buying an additional 1,501 shares during the period. Whittier Trust Co. boosted its position in Sherwin-Williams by 4.1% in the 4th quarter. Whittier Trust Co. now owns 44,365 shares of the specialty chemicals company’s stock valued at $15,080,000 after buying an additional 1,762 shares during the period. Northwest & Ethical Investments L.P. boosted its position in Sherwin-Williams by 53.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 34,616 shares of the specialty chemicals company’s stock valued at $11,767,000 after buying an additional 12,082 shares during the period. Finally, Blueshift Asset Management LLC boosted its position in Sherwin-Williams by 14.8% in the 4th quarter. Blueshift Asset Management LLC now owns 1,064 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SHW. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their price objective 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. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $334.38 on Monday. The company has a market capitalization of $84.10 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The firm has a fifty day simple moving average of $353.97 and a 200-day simple moving average of $364.61. 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 Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the prior year, the business posted $1.81 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the 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 sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

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.