US Bancorp DE Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

US Bancorp DE reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,423 shares of the specialty chemicals company’s stock after selling 3,119 shares during the quarter. US Bancorp DE’s holdings in Sherwin-Williams were worth $54,193,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. raised its holdings in Sherwin-Williams by 2.4% during the third quarter. Pinnacle Associates Ltd. now owns 3,044 shares of the specialty chemicals company’s stock worth $1,162,000 after purchasing an additional 71 shares in the last quarter. Principal Securities Inc. grew its position in shares of Sherwin-Williams by 8.0% in the 3rd quarter. Principal Securities Inc. now owns 7,058 shares of the specialty chemicals company’s stock valued at $2,694,000 after buying an additional 525 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Sherwin-Williams by 2.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,469 shares of the specialty chemicals company’s stock valued at $1,324,000 after buying an additional 96 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Sherwin-Williams by 8.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,841 shares of the specialty chemicals company’s stock worth $668,000 after acquiring an additional 144 shares in the last quarter. Finally, First Interstate Bank lifted its position in Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 2.0 %

NYSE SHW opened at $362.46 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $91.16 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a 50-day moving average price of $351.26 and a 200 day moving average price of $365.76.

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

Sherwin-Williams Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHW. Berenberg Bank raised 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. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Mizuho cut 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $403.31.

About Sherwin-Williams

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.