The Sherwin-Williams Company $SHW Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank
by Jessica Moore · The Cerbat GemZurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 294.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,298 shares of the specialty chemicals company’s stock after buying an additional 171,893 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sherwin-Williams were worth $74,623,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SHW. Lodestone Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at $31,000. Rossby Financial LCC raised its stake in Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. True Wealth Design LLC lifted its holdings in Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $42,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 42.4% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 131 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 39 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
Sherwin-Williams Stock Up 0.2%
SHW opened at $346.17 on Monday. The Sherwin-Williams Company has a 12 month low of $301.58 and a 12 month high of $379.65. The business has a 50-day moving average of $337.37 and a two-hundred day moving average of $338.43. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a market capitalization of $85.63 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 3.00 and a beta of 1.27.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $2.09 EPS. The company’s revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.80 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.
Insider Buying and Selling at Sherwin-Williams
In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale 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 2,513 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SHW shares. Mizuho lowered their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup lowered their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Friday, March 27th. Finally, Wells Fargo & Company lowered Sherwin-Williams from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $410.00 to $365.00 in a research note on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $379.77.
Read Our Latest Research Report on Sherwin-Williams
About Sherwin-Williams
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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