Teachers Advisors LLC trimmed its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,741 shares of the specialty chemicals company’s stock after selling 13,522 shares during the quarter. Teachers Advisors LLC owned approximately 0.42% of Sherwin-Williams worth $160,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. USA Mutuals Advisors Inc. bought a new position in Sherwin-Williams during the 4th quarter worth approximately $106,000. Spectrum Management Group Inc. bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $162,000. Montag A & Associates Inc. bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $202,000. BTIM Corp. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $202,000. Finally, Chemung Canal Trust Co. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 74.97% of the company’s stock.
Shares of Sherwin-Williams Co (NYSE SHW) opened at $421.16 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. Sherwin-Williams Co has a 1 year low of $305.70 and a 1 year high of $435.15. The firm has a market capitalization of $39,586.43, a P/E ratio of 22.63, a P/E/G ratio of 1.90 and a beta of 1.17.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were given a dividend of $0.86 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a dividend yield of 0.82%. Sherwin-Williams’s payout ratio is currently 18.48%.
A number of brokerages have recently weighed in on SHW. Cleveland Research reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, March 7th. Susquehanna Bancshares reiterated a “positive” rating and issued a $483.00 price objective (down from $511.00) on shares of Sherwin-Williams in a research report on Tuesday, February 13th. Seaport Global Securities upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on Sherwin-Williams to $485.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, KeyCorp reiterated a “buy” rating and issued a $500.00 price objective (up from $465.00) on shares of Sherwin-Williams in a research report on Monday, January 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $436.20.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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