TIAA CREF Investment Management LLC lessened its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 646,488 shares of the specialty chemicals company’s stock after selling 22,472 shares during the period. TIAA CREF Investment Management LLC owned 0.69% of Sherwin-Williams worth $265,086,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Sherwin-Williams by 0.7% during the 4th quarter. BlackRock Inc. now owns 5,585,972 shares of the specialty chemicals company’s stock worth $2,290,471,000 after acquiring an additional 41,384 shares during the period. Janus Henderson Group PLC increased its stake in Sherwin-Williams by 27.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after acquiring an additional 288,492 shares during the period. Geode Capital Management LLC increased its stake in Sherwin-Williams by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 914,472 shares of the specialty chemicals company’s stock worth $374,223,000 after acquiring an additional 26,623 shares during the period. Wells Fargo & Company MN increased its stake in Sherwin-Williams by 9.6% during the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock worth $264,514,000 after acquiring an additional 64,841 shares during the period. Finally, Fred Alger Management Inc. increased its stake in Sherwin-Williams by 57.3% during the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock worth $262,720,000 after acquiring an additional 233,329 shares during the period. Hedge funds and other institutional investors own 74.97% of the company’s stock.
Shares of Sherwin-Williams Co (SHW) opened at $413.77 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. Sherwin-Williams Co has a twelve month low of $305.70 and a twelve month high of $435.15. The firm has a market capitalization of $39,030.92, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.87 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were issued a dividend of $0.86 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, February 23rd. This represents a $3.44 annualized dividend and a dividend yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is 18.48%.
SHW has been the topic of a number of recent 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 raised their target price on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Citigroup raised their target price on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a report on Friday, January 26th. Moffett Nathanson assumed coverage on Sherwin-Williams in a report on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price on the stock in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and an average price target of $436.20.
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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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