Robeco Institutional Asset Management B.V. grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 29.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,207 shares of the specialty chemicals company’s stock after buying an additional 3,957 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sherwin-Williams were worth $7,410,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of SHW. Vanguard Group Inc increased its position in Sherwin-Williams by 0.9% during the third quarter. Vanguard Group Inc now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after purchasing an additional 62,550 shares during the last quarter. BlackRock Inc. increased its position in Sherwin-Williams by 0.8% during the fourth quarter. BlackRock Inc. now owns 5,429,226 shares of the specialty chemicals company’s stock worth $2,136,182,000 after purchasing an additional 42,112 shares during the last quarter. Janus Henderson Group PLC increased its position in Sherwin-Williams by 4.2% during the first quarter. Janus Henderson Group PLC now owns 1,434,859 shares of the specialty chemicals company’s stock worth $618,002,000 after purchasing an additional 57,737 shares during the last quarter. Fiera Capital Corp increased its position in Sherwin-Williams by 1.6% during the fourth quarter. Fiera Capital Corp now owns 1,402,576 shares of the specialty chemicals company’s stock worth $551,858,000 after purchasing an additional 22,248 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Sherwin-Williams by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 938,381 shares of the specialty chemicals company’s stock worth $368,468,000 after purchasing an additional 64,106 shares during the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.
In related news, SVP Jane M. Cronin sold 1,344 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $441.24, for a total value of $593,026.56. Following the completion of the transaction, the senior vice president now owns 4,078 shares in the company, valued at $1,799,376.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the transaction, the insider now owns 13,855 shares of the company’s stock, valued at approximately $5,965,131.70. The disclosure for this sale can be found here. Insiders sold 15,949 shares of company stock valued at $6,946,680 in the last quarter. 0.50% of the stock is owned by insiders.
NYSE SHW opened at $434.41 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 2.52. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64. The company has a market capitalization of $39.78 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the business posted $3.57 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Sherwin-Williams Co will post 21.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $1.13 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.04%. Sherwin-Williams’s dividend payout ratio is currently 24.39%.
Several equities research analysts recently issued reports on SHW shares. KeyCorp cut their price objective on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, January 16th. Barclays restated a “hold” rating and set a $440.00 price objective on shares of Sherwin-Williams in a research report on Sunday, February 3rd. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $480.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI started coverage on shares of Sherwin-Williams in a research report on Wednesday, March 20th. They set an “outperform” rating and a $495.00 price objective for the company. Finally, Argus raised their price objective on shares of Sherwin-Williams from $480.00 to $527.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $480.05.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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