United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 22.0% during the fourth quarter, Holdings Channel reports. The fund owned 86,951 shares of the specialty chemicals company’s stock after acquiring an additional 15,702 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Sherwin-Williams were worth $28,175,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Viking Global Investors LP lifted its position in shares of Sherwin-Williams by 101.4% during the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the period. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after purchasing an additional 600,119 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Sherwin-Williams by 424.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after purchasing an additional 443,119 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Sherwin-Williams in the third quarter valued at about $104,826,000. Finally, PBCay One RSC Ltd acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $92,275,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Trading Down 1.6%
Shares of SHW stock opened at $305.01 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The business has a 50-day moving average price of $319.75 and a two-hundred day moving average price of $334.49. The Sherwin-Williams Company has a 12-month low of $294.32 and a 12-month high of $379.65. The firm has a market cap of $75.23 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 30.71%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Citigroup decreased their price target on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Mizuho cut their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, UBS Group cut their price target on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $375.33.
View Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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