Capital World Investors Has $248.87 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Capital World Investors boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 732,168 shares of the specialty chemicals company’s stock after acquiring an additional 13,562 shares during the period. Capital World Investors owned 0.29% of Sherwin-Williams worth $248,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC boosted its position in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC increased its stake in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after acquiring an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management lifted its position in Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in Sherwin-Williams by 7.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 31 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SHW. Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $392.50.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 0.5 %

NYSE:SHW opened at $333.03 on Monday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm’s fifty day moving average is $344.78 and its 200-day moving average is $358.66. The firm has a market cap of $83.76 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the company posted $1.81 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

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.