Profund Advisors LLC lifted its holdings in Sherwin-Williams Co (NYSE:SHW) by 22.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,754 shares of the specialty chemicals company’s stock after acquiring an additional 506 shares during the period. Profund Advisors LLC’s holdings in Sherwin-Williams were worth $1,129,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in SHW. USA Mutuals Advisors Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $106,000. Spectrum Management Group Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $162,000. Montag A & Associates Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $202,000. BTIM Corp. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $202,000. Finally, Chemung Canal Trust Co. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 74.97% of the company’s stock.
SHW has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. Bank of America upped their price target on shares of Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Citigroup upped their price target on shares of Sherwin-Williams to $486.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Moffett Nathanson initiated coverage on shares of Sherwin-Williams in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $436.20.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company earned $2.15 EPS. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. analysts expect that Sherwin-Williams Co will post 19.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a $0.86 dividend. The ex-dividend date was Friday, February 23rd. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio is 18.48%.
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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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