Say Investments Inc. reduced its holdings in Sherwin-Williams Co. (NYSE:SHW – free report ) by 1.9% during the fourth quarter, according to its latest Form 13F filing with the SEC. The fund now holds 140,972 shares of the specialty chemicals company’s stock, selling 2,757 shares during the period. Say Investments Inc. holds about 0.06% of Sherwin-Williams Co. shares, valued at $43,969,000, according to its latest filing with the SEC.
Other large investors also modified their holdings in the company. Norges Bank purchased new shares of Sherwin-Williams worth approximately $1,176,356,000 in the fourth quarter. FMR LLC increased its holdings in Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock, valued at $1,384,160,000, after acquiring an additional 2,146,102 shares in the last quarter. Alfinity Investment Management Inc. purchased new shares of Sherwin-Williams worth approximately $432,737,000 in the fourth quarter. Capital World Investors increased its holdings in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now holds 3,840,789 shares of the specialty chemicals company’s stock, valued at $1,197,952,000, after acquiring an additional 1,075,351 shares in the last quarter. Finally, International Asset Investment Management LLC increased its holdings in Sherwin-Williams by 2,853.9% in the fourth quarter. International Asset Investment Management LLC now holds 650,186 shares of the specialty chemicals company’s stock, valued at $202,793,000, after acquiring an additional 628,175 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.
Insider trading
In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that took place on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be viewed on the SEC’s website. The company insider now owns 0.60% of the company’s shares.
Sherwin-Williams, up 0.4%
Shares of NYSE:SHW opened trading at $293.11 on Tuesday. The stock has a market cap of $74.32 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.35 and a beta of 1.17. Sherwin-Williams Company’s one-year low and high are $232.06 and $348.37. The company’s debt-to-equity ratio is 2.32, quick ratio is 0.46 and current ratio is 0.78. The company’s 50-day moving average price is $311.44 and its 200-day moving average price is $312.07.
Sherwin-Williams (NYSE:SHW – Get free report ) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported quarterly earnings per share of $2.17, missing analysts’ consensus estimates of $2.22 by ($0.05). The business’s quarterly revenue was $5.37 billion, missing the consensus estimate of $5.5 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% year-over-year. Year-over-year earnings per share were $2.04. Research analysts on average expect Sherwin-Williams to post EPS of $11.43 for the current fiscal year.
Sherwin Williams Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.715. This equates to a dividend of $2.86 on an annualized basis, or a yield of 0.98%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams has a dividend payout ratio of 30.49%.
What Wall Street analysts are saying
SHW has been the topic of several analyst reports. JPMorgan Chase lowered their price objective on Sherwin-Williams from $317.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Royal Bank of Canada lowered their price objective on Sherwin-Williams from $380.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. BMO Capital Markets reaffirmed an “outperform” rating and announced a $377.00 price target (down from the previous $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Finally, KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the stock in a research note on Thursday, April 25th. One analyst has rated the stock as a sell, seven have rated it as a hold, and twelve have rated it as a buy. According to MarketBeat, the company’s current consensus rating is a “moderate buy” with an average price target of $344.41.
Read our latest analysis for Sherwin-Williams
Sherwin Williams Company Profile
(Free report)
Sherwin-Williams Company develops, manufactures, distributes and sells paints, coatings and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Store Group, Consumer Brands Group and Performance Coatings Group.
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