Zions Bancorporation N.A. Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Zions Bancorporation N.A. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,766 shares of the specialty chemicals company’s stock after purchasing an additional 2,026 shares during the period. Zions Bancorporation N.A.’s holdings in Sherwin-Williams were worth $4,679,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. TIAA Trust National Association increased its holdings in Sherwin-Williams by 6.1% in the 4th quarter. TIAA Trust National Association now owns 44,529 shares of the specialty chemicals company’s stock worth $15,137,000 after acquiring an additional 2,546 shares in the last quarter. Ashton Thomas Securities LLC grew its position in shares of Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock valued at $757,000 after purchasing an additional 34 shares during the period. Modern Wealth Management LLC increased its stake in shares of Sherwin-Williams by 70.5% during the fourth quarter. Modern Wealth Management LLC now owns 895 shares of the specialty chemicals company’s stock worth $322,000 after purchasing an additional 370 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in shares of Sherwin-Williams by 0.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 52,849 shares of the specialty chemicals company’s stock worth $17,965,000 after purchasing an additional 363 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after purchasing an additional 138,170 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In related 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 completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. 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. Citigroup reaffirmed a “buy” rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Finally, Mizuho decreased their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned 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 target price of $401.13.

Sherwin-Williams Trading Up 2.5 %

Shares of Sherwin-Williams stock opened at $342.90 on Tuesday. The stock has a 50 day moving average of $354.10 and a 200 day moving average of $364.49. 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 market capitalization of $86.24 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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 in the previous year, the firm posted $1.81 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

Sherwin-Williams Company 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.