Congress Wealth Management LLC DE Grows Holdings in The Sherwin-Williams Company (NYSE:SHW)

Congress Wealth Management LLC DE lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,612 shares of the specialty chemicals company’s stock after buying an additional 91 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Sherwin-Williams were worth $15,163,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First United Bank & Trust acquired a new stake in Sherwin-Williams in the 4th quarter worth about $31,000. Lee Financial Co acquired a new stake in shares of Sherwin-Williams in the third quarter worth approximately $32,000. Tortoise Investment Management LLC grew its holdings in Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth approximately $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Sherwin-Williams during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHW. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Mizuho dropped their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Finally, Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $344.41.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.50, for a total transaction of $867,525.00. Following the sale, the insider now owns 12,941 shares in the company, valued at $4,173,472.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,771 shares of company stock valued at $8,985,497. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.6 %

Shares of NYSE SHW traded up $1.75 during midday trading on Friday, reaching $304.84. 1,011,191 shares of the company’s stock were exchanged, compared to its average volume of 1,549,539. The stock has a market capitalization of $77.29 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $223.28 and a 52-week high of $348.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The business’s fifty day moving average price is $320.47 and its two-hundred day moving average price is $308.58.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Sherwin-Williams’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.