Waratah Capital Advisors Ltd. raised its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 32.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,497 shares of the specialty chemicals company’s stock after purchasing an additional 2,103 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Sherwin-Williams were worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of SHW. Janney Montgomery Scott LLC grew its stake in shares of Sherwin-Williams by 28.2% during the third quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock valued at $8,209,000 after buying an additional 5,041 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after buying an additional 288,492 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at approximately $87,798,000. Carderock Capital Management Inc. grew its stake in shares of Sherwin-Williams by 4.3% during the third quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock valued at $2,325,000 after buying an additional 270 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Sherwin-Williams by 3.3% during the third quarter. Stifel Financial Corp now owns 77,038 shares of the specialty chemicals company’s stock valued at $27,610,000 after buying an additional 2,473 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.
Sherwin-Williams Co (NYSE SHW) opened at $402.30 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $37,620.68, a P/E ratio of 27.76, a P/E/G ratio of 1.81 and a beta of 1.18. Sherwin-Williams Co has a 52 week low of $305.70 and a 52 week high of $435.15.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The firm’s revenue was up 43.0% compared to the same quarter last year. During the same period last year, the business posted $2.15 EPS. analysts expect that Sherwin-Williams Co will post 19.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio (DPR) is 18.27%.
SHW has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $455.00 target price on shares of Sherwin-Williams in a research note on Thursday, December 14th. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price on the stock in a research note on Wednesday, December 27th. Deutsche Bank initiated coverage on Sherwin-Williams in a research note on Friday, December 22nd. They set a “hold” rating and a $420.00 target price on the stock. Citigroup upped their target price on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, UBS Group upped their target price on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $436.20.
In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 in the last ninety days. Insiders own 1.69% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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