13,851 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,851 shares of the specialty chemicals company’s stock, valued at approximately $4,708,000.

Several other institutional investors have also added to or reduced their stakes in SHW. FMR LLC boosted its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after purchasing an additional 308,921 shares during the last quarter. Canoe Financial LP boosted its stake in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after purchasing an additional 286,791 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Sherwin-Williams by 47.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after purchasing an additional 278,242 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Sherwin-Williams by 682.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 244,285 shares of the specialty chemicals company’s stock valued at $83,040,000 after purchasing an additional 213,076 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on 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 sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of SHW opened at $344.54 on Monday. The firm has a market capitalization of $86.61 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company’s fifty day moving average price is $351.04 and its 200-day moving average price is $365.56.

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

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.92%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHW. Royal Bank of Canada cut their target price 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. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho decreased their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.59.

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.