Bradley Foster & Sargent Inc. CT Sells 30,820 Shares of The Sherwin-Williams Company $SHW

Bradley Foster & Sargent Inc. CT lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,344 shares of the specialty chemicals company’s stock after selling 30,820 shares during the quarter. Sherwin-Williams makes up 1.0% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 27th biggest position. Bradley Foster & Sargent Inc. CT’s holdings in Sherwin-Williams were worth $69,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Sherwin-Williams by 27.1% in the second quarter. Focus Partners Advisor Solutions LLC now owns 1,818 shares of the specialty chemicals company’s stock valued at $624,000 after purchasing an additional 388 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Sherwin-Williams by 5.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,825 shares of the specialty chemicals company’s stock valued at $3,717,000 after purchasing an additional 552 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Sherwin-Williams by 15.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after purchasing an additional 440 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Finally, UBS Group set a $420.00 target price on Sherwin-Williams in a research report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.67.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.2%

Shares of NYSE:SHW opened at $365.05 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The stock has a market cap of $90.45 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.15 and a beta of 1.25. The business has a 50-day moving average price of $348.18 and a 200-day moving average price of $346.49.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Sherwin-Williams’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 30.77%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.