Orion Portfolio Solutions LLC Grows Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Orion Portfolio Solutions LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,218 shares of the specialty chemicals company’s stock after buying an additional 461 shares during the period. Orion Portfolio Solutions LLC’s holdings in Sherwin-Williams were worth $7,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $28,000. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. True Wealth Design LLC increased its position in shares of Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Sherwin-Williams in the fourth quarter worth $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHW. Citigroup reissued a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Finally, Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $401.13.

Insiders Place Their Bets

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

Sherwin-Williams Trading Down 1.7 %

NYSE:SHW opened at $339.77 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a 50-day simple moving average of $353.59 and a 200-day simple moving average of $363.86. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market cap of $85.46 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is 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.