Ossiam Has $6.72 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Ossiam boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 61.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,770 shares of the specialty chemicals company’s stock after purchasing an additional 7,493 shares during the period. Ossiam’s holdings in Sherwin-Williams were worth $6,720,000 as of its most recent SEC filing.

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

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $333.03 on Friday. The company has a market capitalization of $83.76 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. 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 company’s 50 day moving average price is $344.78 and its two-hundred day moving average price is $358.76.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 last year, the firm posted $1.81 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SHW shares. Citigroup reduced their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $392.50.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

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.