Jupiter Asset Management Ltd. Has $51.50 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Jupiter Asset Management Ltd. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,505 shares of the specialty chemicals company’s stock after selling 16,791 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.06% of Sherwin-Williams worth $51,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Sherwin-Williams by 11.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,882 shares of the specialty chemicals company’s stock valued at $1,320,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Sherwin-Williams by 16.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,088 shares of the specialty chemicals company’s stock valued at $710,000 after buying an additional 302 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Sherwin-Williams by 106.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 98,837 shares of the specialty chemicals company’s stock valued at $33,598,000 after buying an additional 50,904 shares in the last quarter. AGF Management Ltd. boosted its stake in Sherwin-Williams by 2.9% in the 4th quarter. AGF Management Ltd. now owns 157,516 shares of the specialty chemicals company’s stock valued at $53,544,000 after buying an additional 4,429 shares in the last quarter. Finally, Avantax Planning Partners Inc. boosted its stake in Sherwin-Williams by 2.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SHW. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $353.78 on Wednesday. The stock has a 50 day moving average price of $353.36 and a 200 day moving average price of $365.96. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week 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 stock has a market capitalization of $88.98 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business earned $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.79 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.89%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

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.