Main Street Financial Solutions LLC Has $872,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Main Street Financial Solutions LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,565 shares of the specialty chemicals company’s stock after purchasing an additional 108 shares during the period. Main Street Financial Solutions LLC’s holdings in Sherwin-Williams were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,359,747,000. Barclays PLC increased its position in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock worth $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $230,829,000. Proficio Capital Partners LLC lifted its holdings in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock valued at $162,987,000 after buying an additional 478,320 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sherwin-Williams by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after buying an additional 451,505 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’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 transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.5 %

Shares of Sherwin-Williams stock opened at $331.90 on Thursday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company’s fifty day simple moving average is $345.87 and its 200-day simple moving average is $359.56. The company has a market cap of $83.48 billion, a price-to-earnings ratio of 31.46, a PEG 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 issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 prior year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is 29.95%.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Barclays reduced their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $392.50.

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.