DT Investment Partners LLC Acquires 180 Shares of The Sherwin-Williams Company (NYSE:SHW)

DT Investment Partners LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 391.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226 shares of the specialty chemicals company’s stock after purchasing an additional 180 shares during the quarter. DT Investment Partners LLC’s holdings in Sherwin-Williams were worth $70,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SHW. abrdn plc boosted its holdings in Sherwin-Williams by 55.6% during the 4th quarter. abrdn plc now owns 119,462 shares of the specialty chemicals company’s stock worth $37,260,000 after acquiring an additional 42,680 shares during the last quarter. Vantage Investment Partners LLC raised its position in shares of Sherwin-Williams by 44.5% in the fourth quarter. Vantage Investment Partners LLC now owns 26,115 shares of the specialty chemicals company’s stock worth $8,145,000 after buying an additional 8,045 shares in the last quarter. CNB Bank lifted its holdings in shares of Sherwin-Williams by 2.2% during the 4th quarter. CNB Bank now owns 2,874 shares of the specialty chemicals company’s stock worth $896,000 after acquiring an additional 62 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at $235,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Sherwin-Williams during the 4th quarter worth approximately $36,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 1.1 %

NYSE SHW opened at $305.96 on Friday. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The firm’s fifty day moving average price is $328.52 and its 200 day moving average price is $297.71.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is 30.92%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SHW. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Citigroup increased their target price on Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company upped their target price on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Mizuho reduced their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $325.94.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 in the last 90 days. Company 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.