The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 751,803 shares of the specialty chemicals company’s stock after purchasing an additional 40,216 shares during the period. Sherwin-Williams makes up approximately 1.0% of Flossbach Von Storch SE’s investment portfolio, making the stock its 28th biggest position. Flossbach Von Storch SE’s holdings in Sherwin-Williams were worth $255,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter valued at $29,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. raised its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares during the period. Finally, Sierra Ocean LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Barclays lifted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Mizuho decreased their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $351.39 on Thursday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. 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 company’s fifty day moving average is $351.78 and its two-hundred day moving average is $365.30. The firm has a market capitalization of $88.50 billion, a P/E ratio of 33.31, a PEG ratio of 3.04 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 the consensus estimate 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 last year, the firm posted $1.81 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams’s payout ratio is presently 27.11%.

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.