111 Capital acquired a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,364 shares of the specialty chemicals company’s stock, valued at approximately $1,090,000.
Several other institutional investors have also recently bought and sold shares of the business. Wealthfront Advisers LLC boosted its holdings in shares of Sherwin-Williams by 26.1% in the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after buying an additional 6,408 shares during the period. Mairs & Power Inc. boosted its holdings in shares of Sherwin-Williams by 0.7% in the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after buying an additional 3,430 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $2,496,000. Westview Management dba Westview Investment Advisors acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $2,655,000. Finally, Willis Investment Counsel acquired a new stake in shares of Sherwin-Williams during the third quarter worth approximately $7,766,000. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Trading Up 1.7%
Shares of Sherwin-Williams stock opened at $305.21 on Friday. The company’s fifty day simple moving average is $318.13 and its 200-day simple moving average is $332.79. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.60 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $379.65.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is currently 30.71%.
Wall Street Analyst Weigh In
SHW has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings cut shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Finally, Bank of America decreased their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.67.
View Our Latest Research Report on SHW
Sherwin-Williams 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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