Tandem Wealth Advisors LLC Acquires 47 Shares of The Sherwin-Williams Company (NYSE:SHW)

Tandem Wealth Advisors LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 888 shares of the specialty chemicals company’s stock after purchasing an additional 47 shares during the period. Tandem Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the fourth quarter worth about $36,000. WR Wealth Planners LLC lifted its holdings 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 worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions 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. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group cut their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays lowered their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $393.31.

Sherwin-Williams Price Performance

NYSE SHW opened at $329.87 on Friday. 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 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market cap of $82.97 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.98 and a beta of 1.26. The company’s 50 day moving average is $347.88 and its two-hundred day moving average is $360.67.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 in the prior year, the business posted $1.81 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.96%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

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.