BW Gestao de Investimentos Ltda. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 606.6% in the fourth quarter, Holdings Channel reports. The firm owned 55,214 shares of the specialty chemicals company’s stock after purchasing an additional 47,400 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Sherwin-Williams were worth $17,891,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. New Mexico Educational Retirement Board boosted its holdings in shares of Sherwin-Williams by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,763 shares of the specialty chemicals company’s stock worth $3,488,000 after acquiring an additional 300 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Sherwin-Williams by 10.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 15,374 shares of the specialty chemicals company’s stock worth $4,982,000 after purchasing an additional 1,500 shares during the last quarter. Waterloo Capital L.P. raised its position in Sherwin-Williams by 1.8% in the 4th quarter. Waterloo Capital L.P. now owns 2,366 shares of the specialty chemicals company’s stock worth $767,000 after purchasing an additional 42 shares during the last quarter. Verity & Verity LLC bought a new position in Sherwin-Williams in the 4th quarter worth approximately $463,000. Finally, Founders Financial Securities LLC raised its position in Sherwin-Williams by 2.4% in the 4th quarter. Founders Financial Securities LLC now owns 3,890 shares of the specialty chemicals company’s stock worth $1,261,000 after purchasing an additional 90 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Trading Down 2.9%
Sherwin-Williams stock opened at $295.02 on Tuesday. The firm has a 50-day moving average of $319.29 and a 200-day moving average of $333.87. The Sherwin-Williams Company has a one year low of $292.39 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The company has a market cap of $72.76 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 2.63 and a beta of 1.16.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio is presently 30.71%.
Analyst Ratings Changes
Several analysts have commented on SHW shares. Citigroup dropped their target price on shares of Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $330.00 price objective for the company. in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $371.17.
Check Out Our Latest Analysis on SHW
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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