Perigon Wealth Management LLC Invests $442,000 in The Sherwin-Williams Company (NYSE:SHW)

Perigon Wealth Management LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,417 shares of the specialty chemicals company’s stock, valued at approximately $442,000.

A number of other large investors have also recently bought and sold shares of SHW. Roundview Capital LLC lifted its holdings in shares of Sherwin-Williams by 8.1% during the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock worth $2,013,000 after purchasing an additional 607 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Sherwin-Williams by 189.1% in the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after acquiring an additional 6,808 shares in the last quarter. Sei Investments Co. increased its stake in shares of Sherwin-Williams by 26.5% during the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock worth $29,956,000 after acquiring an additional 24,884 shares during the period. Prudential PLC purchased a new position in Sherwin-Williams during the first quarter worth about $1,231,000. Finally, Cetera Investment Advisers lifted its position in Sherwin-Williams by 2.6% in the first quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock valued at $2,842,000 after purchasing an additional 287 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. Wolfe Research assumed coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Robert W. Baird reissued a “neutral” rating and issued a $300.00 target price (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.50.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock worth $10,340,237 in the last ninety days. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $313.97 on Tuesday. The company has a market cap of $79.89 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.52 and a beta of 1.15. The business has a fifty day simple moving average of $328.68 and a 200-day simple moving average of $296.45. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 annualized dividend and a dividend yield of 0.91%. Sherwin-Williams’s payout ratio is currently 30.92%.

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.