Canoe Financial LP Buys 9,480 Shares of The Sherwin-Williams Company $SHW

Canoe Financial LP grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 346,537 shares of the specialty chemicals company’s stock after purchasing an additional 9,480 shares during the quarter. Canoe Financial LP’s holdings in Sherwin-Williams were worth $112,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SHW. Rossby Financial LCC lifted its position in shares of Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $36,000. True Wealth Design LLC grew its holdings in shares of Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $42,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in shares of Sherwin-Williams by 42.4% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada cut their price objective on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Mizuho decreased their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $384.43.

Sherwin-Williams Price Performance

NYSE SHW opened at $315.60 on Friday. 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 company has a market cap of $78.07 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $301.58 and a 52 week high of $379.65. The firm’s 50-day simple moving average is $345.58 and its two-hundred day simple moving average is $340.81.

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

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is presently 31.16%.

About Sherwin-Williams

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.