Tocqueville Asset Management L.P. increased its position in Sherwin-Williams Co (NYSE:SHW) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 915 shares of the specialty chemicals company’s stock after acquiring an additional 200 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Sherwin-Williams were worth $375,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Athena Capital Advisors LLC increased its stake in shares of Sherwin-Williams by 22.1% in the third quarter. Athena Capital Advisors LLC now owns 745 shares of the specialty chemicals company’s stock valued at $267,000 after buying an additional 135 shares during the period. Commonwealth Equity Services Inc boosted its holdings in Sherwin-Williams by 0.5% in the third quarter. Commonwealth Equity Services Inc now owns 31,042 shares of the specialty chemicals company’s stock valued at $11,114,000 after acquiring an additional 142 shares during the last quarter. Haverford Trust Co. boosted its holdings in Sherwin-Williams by 2.2% in the third quarter. Haverford Trust Co. now owns 6,704 shares of the specialty chemicals company’s stock valued at $2,400,000 after acquiring an additional 144 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Sherwin-Williams by 17.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 982 shares of the specialty chemicals company’s stock valued at $403,000 after acquiring an additional 148 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Sherwin-Williams by 2.4% in the third quarter. Commonwealth Bank of Australia now owns 6,603 shares of the specialty chemicals company’s stock valued at $2,357,000 after acquiring an additional 153 shares during the last quarter. 74.97% of the stock is owned by institutional investors.
Several analysts recently commented on SHW shares. Raymond James Financial started coverage on Sherwin-Williams in a report on Tuesday, December 19th. They issued a “strong-buy” rating and a $496.00 target price on the stock. Moffett Nathanson started coverage on Sherwin-Williams in a report on Monday, December 4th. They issued a “buy” rating on the stock. Deutsche Bank started coverage on Sherwin-Williams in a report on Friday, December 22nd. They issued a “hold” rating and a $420.00 target price on the stock. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $455.00 target price on shares of Sherwin-Williams in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and a consensus target price of $436.20.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.23). The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s quarterly revenue was up 43.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.15 earnings per share. sell-side analysts anticipate that Sherwin-Williams Co will post 19.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio is presently 18.48%.
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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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