Signition LP purchased a new position in Sherwin-Williams Co (NYSE:SHW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 890 shares of the specialty chemicals company’s stock, valued at approximately $365,000.
Other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Sherwin-Williams by 1.1% during the 2nd quarter. Macquarie Group Ltd. now owns 22,502 shares of the specialty chemicals company’s stock worth $7,898,000 after purchasing an additional 235 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Sherwin-Williams by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock valued at $1,182,000 after buying an additional 30 shares in the last quarter. Verition Fund Management LLC increased its position in Sherwin-Williams by 12.9% during the 2nd quarter. Verition Fund Management LLC now owns 785 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 90 shares in the last quarter. Koch Industries Inc. acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $235,000. Finally, Toronto Dominion Bank increased its position in Sherwin-Williams by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 27,495 shares of the specialty chemicals company’s stock valued at $9,648,000 after buying an additional 5,603 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on SHW shares. Wells Fargo & Co reissued a “market perform” rating and issued a $400.00 price objective (up from $360.00) on shares of Sherwin-Williams in a report on Wednesday, October 25th. UBS Group raised their target price on Sherwin-Williams from $375.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Raymond James Financial began coverage on Sherwin-Williams in a report on Tuesday, December 19th. They set a “strong-buy” rating and a $496.00 target price on the stock. Moffett Nathanson began coverage on Sherwin-Williams in a research report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Citigroup increased their price target on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research report 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. Sherwin-Williams has a consensus rating of “Buy” and a consensus target price of $436.20.
Shares of Sherwin-Williams Co (NYSE:SHW) traded up $2.51 during midday trading on Wednesday, hitting $399.18. The stock had a trading volume of 18,448 shares, compared to its average volume of 688,682. Sherwin-Williams Co has a twelve month low of $305.70 and a twelve month high of $435.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67. The firm has a market capitalization of $37,620.65, a PE ratio of 21.50, a PEG ratio of 1.81 and a beta of 1.18.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 earnings per share. 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. Investors of record on Monday, February 26th will be issued a $0.86 dividend. The ex-dividend date is Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 dividend on an annualized basis and a yield of 0.86%. Sherwin-Williams’s dividend payout ratio (DPR) is 18.27%.
In other Sherwin-Williams news, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
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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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