The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Russell Investments Group Ltd.

by · The Cerbat Gem

Russell Investments Group Ltd. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 27.2% in the fourth quarter, Holdings Channel reports. The firm owned 446,366 shares of the specialty chemicals company’s stock after purchasing an additional 95,414 shares during the period. Russell Investments Group Ltd.’s holdings in Sherwin-Williams were worth $151,642,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $36,000. WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Mizuho decreased their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company lowered their target price on Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.94.

Get Our Latest Research Report on SHW

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 2.6 %

Sherwin-Williams stock opened at $331.91 on Friday. The company has a market capitalization of $83.48 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm’s fifty day simple moving average is $352.24 and its 200-day simple moving average is $362.90. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 period in the prior year, the business posted $1.81 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

About Sherwin-Williams

(Free Report)

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.

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