Van Cleef Asset Management Inc Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Van Cleef Asset Management Inc purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 600 shares of the specialty chemicals company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Interstate Bank boosted its holdings in shares of Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Sherwin-Williams by 4.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock worth $275,000 after buying an additional 29 shares during the period. Essex Savings Bank raised its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock worth $336,000 after acquiring an additional 29 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its position in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 29 shares in the last quarter. Finally, Apella Capital LLC lifted its holdings in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after acquiring an additional 30 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SHW. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Mizuho reduced their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $356.02 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market cap of $89.54 billion, a P/E ratio of 33.75, a PEG ratio of 2.98 and a beta of 1.22. The company has a 50-day moving average price of $350.92 and a 200 day moving average price of $365.51. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its earnings results 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 period in the previous year, the company earned $1.81 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. 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.