Capital Research Global Investors Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Capital Research Global Investors raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 47.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,998,647 shares of the specialty chemicals company’s stock after acquiring an additional 960,724 shares during the period. Capital Research Global Investors’ holdings in Sherwin-Williams were worth $1,019,329,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.5 %

Shares of Sherwin-Williams stock opened at $333.03 on Friday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two 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 firm has a market capitalization of $83.76 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.98 and a beta of 1.26. The stock has a 50 day moving average of $344.78 and a 200 day moving average of $358.89.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 company earned $1.81 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s payout ratio is 29.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on SHW shares. 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 note on Monday, February 3rd. Barclays cut their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $392.50.

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.