K.J. Harrison & Partners Inc Has $4.88 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

K.J. Harrison & Partners Inc grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,644 shares of the specialty chemicals company’s stock after acquiring an additional 1,930 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Sherwin-Williams were worth $4,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in shares of Sherwin-Williams by 9,310.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock valued at $240,000 after buying an additional 931 shares in the last quarter. Caprock Group LLC increased its position in Sherwin-Williams by 6.0% in the third quarter. Caprock Group LLC now owns 3,556 shares of the specialty chemicals company’s stock worth $907,000 after buying an additional 201 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Sherwin-Williams by 3.0% in the third quarter. UMB Bank n.a. now owns 11,393 shares of the specialty chemicals company’s stock worth $2,906,000 after acquiring an additional 336 shares during the period. Oak Thistle LLC bought a new position in Sherwin-Williams during the third quarter valued at approximately $353,000. Finally, Czech National Bank lifted its stake in shares of Sherwin-Williams by 48.8% in the 3rd quarter. Czech National Bank now owns 41,348 shares of the specialty chemicals company’s stock valued at $10,546,000 after purchasing an additional 13,558 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.5 %

NYSE SHW traded up $1.64 on Friday, reaching $306.45. The stock had a trading volume of 1,365,463 shares, compared to its average volume of 1,466,097. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The stock has a fifty day moving average price of $328.05 and a two-hundred day moving average price of $299.19. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.41 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released 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 net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The business’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHW. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday. Seaport Res Ptn cut Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Royal Bank of Canada lowered their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho cut 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. Finally, Robert W. Baird boosted their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $337.37.

Insider Buying and Selling

In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by insiders.

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.