Daiwa Securities Group Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,383 shares of the specialty chemicals company’s stock after purchasing an additional 6,309 shares during the quarter. Daiwa Securities Group Inc. owned 0.05% of Sherwin-Williams worth $40,628,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares in the last quarter. Empowered Funds LLC grew its position in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $1,210,000. Sei Investments Co. grew its position in shares of Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after acquiring an additional 59,831 shares in the last quarter. Finally, Glenview Trust co grew its position in shares of Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
Shares of SHW opened at $300.24 on Friday. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.12. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The firm has a fifty day moving average of $318.45 and a 200-day moving average of $332.98.
Sherwin-Williams Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.80 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.1%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on SHW shares. Bank of America decreased their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings lowered Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Citigroup started coverage on Sherwin-Williams in a research report on Thursday. They issued a “buy” rating and a $355.00 target price for the company. Mizuho decreased their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.67.
Check Out Our Latest Research Report 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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