Quantitative Investment Management LLC raised its stake in Sherwin-Williams Co (NYSE:SHW) by 172.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,800 shares of the specialty chemicals company’s stock after buying an additional 8,100 shares during the period. Quantitative Investment Management LLC’s holdings in Sherwin-Williams were worth $5,248,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Athena Capital Advisors LLC increased its holdings in shares of Sherwin-Williams by 22.1% in the 3rd quarter. Athena Capital Advisors LLC now owns 745 shares of the specialty chemicals company’s stock worth $267,000 after buying an additional 135 shares during the last quarter. Commonwealth Equity Services Inc increased its holdings in shares of Sherwin-Williams by 0.5% in the 3rd quarter. Commonwealth Equity Services Inc now owns 31,042 shares of the specialty chemicals company’s stock worth $11,114,000 after buying an additional 142 shares during the last quarter. Haverford Trust Co. increased its holdings in shares of Sherwin-Williams by 2.2% in the 3rd quarter. Haverford Trust Co. now owns 6,704 shares of the specialty chemicals company’s stock worth $2,400,000 after buying an additional 144 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Sherwin-Williams by 17.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 982 shares of the specialty chemicals company’s stock worth $403,000 after buying an additional 148 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 6,603 shares of the specialty chemicals company’s stock worth $2,357,000 after buying an additional 153 shares during the last quarter. 74.97% of the stock is currently owned by hedge funds and other institutional investors.
SHW has been the topic of a number of research analyst reports. KeyCorp reissued an “overweight” rating and issued a $465.00 price target (up previously from $440.00) on shares of Sherwin-Williams in a report on Thursday, January 11th. Seaport Global Securities raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a report on Wednesday, December 27th. Deutsche Bank started coverage on shares of Sherwin-Williams in a report on Friday, December 22nd. They issued a “hold” rating and a $420.00 price target on the stock. Finally, Bank of America increased their target price on shares of Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams has a consensus rating of “Buy” and a consensus price target of $436.20.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.23). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s revenue was up 43.0% on a year-over-year basis. During the same period last year, the business earned $2.15 EPS. research analysts forecast that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio (DPR) 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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