iA Global Asset Management Inc. Buys 333 Shares of The Sherwin-Williams Company (NYSE:SHW)

iA Global Asset Management Inc. increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 85,663 shares of the specialty chemicals company’s stock after acquiring an additional 333 shares during the period. iA Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $29,119,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth about $32,000. True Wealth Design LLC raised its stake in Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Sierra Ocean LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $36,000. Finally, WR Wealth Planners LLC raised its stake in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHW. Citigroup reissued a “buy” rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $401.13.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $334.56 on Thursday. The business’s 50 day simple moving average is $353.91 and its 200 day simple moving average is $365.04. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market capitalization of $84.15 billion, a PE ratio of 31.71, a PEG ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the firm earned $1.81 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Sherwin-Williams 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.