Fairhaven Wealth Management LLC Purchases Shares of 4,542 The Sherwin-Williams Company (NYSE:SHW)

Fairhaven Wealth Management LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, Holdings Channel reports. The fund acquired 4,542 shares of the specialty chemicals company’s stock, valued at approximately $1,544,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prasad Wealth Partners LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at $369,000. BankPlus Trust Department bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $120,000. Rothschild Investment LLC increased its holdings in shares of Sherwin-Williams by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 2,521 shares of the specialty chemicals company’s stock worth $857,000 after buying an additional 386 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $26,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $4,708,000. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Mizuho cut their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $400.59.

Sherwin-Williams Stock Down 0.2 %

Shares of NYSE SHW opened at $343.97 on Tuesday. The stock has a 50 day moving average price of $350.62 and a 200 day moving average price of $365.57. The firm has a market capitalization of $86.46 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $1.81 earnings per share. Sell-side analysts expect 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 will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio (DPR) 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.