TD Waterhouse Canada Inc. Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

TD Waterhouse Canada Inc. increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,828 shares of the specialty chemicals company’s stock after purchasing an additional 583 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sherwin-Williams were worth $5,719,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC raised its position in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $332.18 on Wednesday. The stock’s 50 day simple moving average is $343.54 and its 200 day simple moving average is $358.14. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market cap of $83.55 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.98 and a beta of 1.26. 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 released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 last year, the business earned $1.81 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price 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. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $391.25.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

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.