Nichols & Pratt Advisers LLP MA Sells 220 Shares of The Sherwin-Williams Company (NYSE:SHW)

Nichols & Pratt Advisers LLP MA decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,938 shares of the specialty chemicals company’s stock after selling 220 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Sherwin-Williams were worth $3,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Alphinity Investment Management Pty Ltd boosted its stake in shares of Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock worth $738,261,000 after buying an additional 114,591 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Sherwin-Williams by 12.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after purchasing an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sherwin-Williams by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after purchasing an additional 15,843 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $362.46 on Friday. The firm’s 50 day simple moving average is $351.26 and its 200 day simple moving average is $365.65. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $91.16 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year 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 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 period in the previous year, the firm posted $1.81 earnings per share. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.87%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research analyst reports. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Morgan Stanley cut 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 report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $403.31.

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.