IFP Advisors Inc Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

IFP Advisors Inc trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,713 shares of the specialty chemicals company’s stock after selling 73 shares during the period. IFP Advisors Inc’s holdings in Sherwin-Williams were worth $2,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter worth about $26,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Sherwin-Williams in the fourth quarter worth about $4,708,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Sherwin-Williams by 7.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 69,945 shares of the specialty chemicals company’s stock worth $23,776,000 after purchasing an additional 4,900 shares during the last quarter. Delta Financial Group Inc. bought a new stake in shares of Sherwin-Williams in the fourth quarter worth about $422,000. Finally, MONECO Advisors LLC increased its holdings in shares of Sherwin-Williams by 8.3% in the fourth quarter. MONECO Advisors LLC now owns 949 shares of the specialty chemicals company’s stock worth $323,000 after purchasing an additional 73 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHW shares. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI boosted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.59.

Sherwin-Williams Stock Up 2.7 %

Shares of NYSE SHW opened at $353.18 on Wednesday. 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 $88.78 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.98 and a beta of 1.22. The stock has a 50 day moving average price of $350.43 and a 200 day moving average price of $365.62. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its 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 last year, the company earned $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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 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.