Pendal Group Ltd trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 89.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,220 shares of the specialty chemicals company's stock after selling 10,015 shares during the period. Pendal Group Ltd's holdings in Sherwin-Williams were worth $290,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SHW. Sei Investments Co. lifted its holdings in shares of Sherwin-Williams by 19.5% during the 2nd quarter. Sei Investments Co. now owns 141,937 shares of the specialty chemicals company's stock valued at $31,729,000 after acquiring an additional 23,174 shares in the last quarter. General Partner Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $61,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Sherwin-Williams in the third quarter valued at about $373,000. Czech National Bank raised its holdings in shares of Sherwin-Williams by 0.7% during the 4th quarter. Czech National Bank now owns 27,602 shares of the specialty chemicals company's stock valued at $6,551,000 after buying an additional 192 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in Sherwin-Williams by 3.4% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,452 shares of the specialty chemicals company's stock worth $1,731,000 after acquiring an additional 276 shares in the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.
Get
Sherwin-Williams alerts:
Insider Activity at Sherwin-Williams
In other Sherwin-Williams news, CEO John G. Morikis purchased 2,207 shares of the business's stock in a transaction dated Friday, January 27th. The shares were bought at an average price of $226.70 per share, with a total value of $500,326.90. Following the completion of the acquisition, the chief executive officer now owns 231,344 shares in the company, valued at approximately $52,445,684.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sherwin-Williams news, CEO John G. Morikis bought 2,207 shares of the stock in a transaction that occurred on Friday, January 27th. The shares were purchased at an average cost of $226.70 per share, for a total transaction of $500,326.90. Following the transaction, the chief executive officer now directly owns 231,344 shares in the company, valued at $52,445,684.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bryan J. Young sold 2,750 shares of Sherwin-Williams stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total transaction of $607,090.00. Following the sale, the senior vice president now owns 7,955 shares in the company, valued at $1,756,145.80. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.
Sherwin-Williams Trading Up 0.8 %
Sherwin-Williams stock opened at $217.02 on Friday. The Sherwin-Williams Company has a 1 year low of $195.24 and a 1 year high of $285.00. The firm's 50-day moving average is $226.29 and its 200-day moving average is $229.15. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.55 and a current ratio of 0.99. The company has a market cap of $56.00 billion, a P/E ratio of 28.11, a PEG ratio of 2.39 and a beta of 1.07.
Sherwin-Williams (NYSE:SHW – Get Rating) last issued its earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.05. The firm had revenue of $5.23 billion for the quarter, compared to analysts' expectations of $5.26 billion. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. Sherwin-Williams's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 8.53 earnings per share for the current year.
Sherwin-Williams Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, February 24th. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.60. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Loop Capital dropped their price objective on shares of Sherwin-Williams from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, January 27th. UBS Group lifted their price target on shares of Sherwin-Williams from $242.00 to $255.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 11th. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $260.00 to $235.00 and set an "overweight" rating for the company in a research report on Friday, January 27th. Barclays dropped their target price on Sherwin-Williams from $245.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, January 30th. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams from $285.00 to $267.00 and set an "outperform" rating for the company in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.39.
Sherwin-Williams Company Profile
(Get Rating)
The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.
Featured Articles
- Get a free copy of the StockNews.com research report on Sherwin-Williams (SHW)
- The Squeeze Is On For EVGo, Rally To Follow
- Is The Bottom In For RH, Or Is This Just A Stopping Point?
- Dividend King H.B. Fuller Signals Slowing In 2023
- Is SoFi Technologies a Buy in the Midst of a Banking Crisis?
- 3 Companies That Just Started Paying Dividends
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Get Rating).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
