Tacita Capital Inc Has $37,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Tacita Capital Inc reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 47.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Tacita Capital Inc’s holdings in Sherwin-Williams were worth $37,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mission Wealth Management LP raised its holdings in Sherwin-Williams by 0.6% during the 4th quarter. Mission Wealth Management LP now owns 22,353 shares of the specialty chemicals company’s stock worth $7,599,000 after buying an additional 128 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Sherwin-Williams by 31.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,293 shares of the specialty chemicals company’s stock valued at $462,000 after purchasing an additional 307 shares during the last quarter. LGT Fund Management Co Ltd. raised its holdings in shares of Sherwin-Williams by 23.4% in the fourth quarter. LGT Fund Management Co Ltd. now owns 22,091 shares of the specialty chemicals company’s stock valued at $7,509,000 after purchasing an additional 4,185 shares during the last quarter. LGT Group Foundation raised its holdings in shares of Sherwin-Williams by 5.2% in the fourth quarter. LGT Group Foundation now owns 185,985 shares of the specialty chemicals company’s stock valued at $63,222,000 after purchasing an additional 9,211 shares during the last quarter. Finally, DJE Kapital AG acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $350,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Citigroup reiterated a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.6 %

SHW stock opened at $356.49 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a fifty day moving average price of $351.49 and a two-hundred day moving average price of $365.86. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market cap of $89.66 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the business earned $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed 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 represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s payout ratio 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.