Treasurer of the State of North Carolina Buys 4,244 Shares of The Sherwin-Williams Company (NYSE:SHW)

Treasurer of the State of North Carolina raised its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,782 shares of the specialty chemicals company’s stock after purchasing an additional 4,244 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Sherwin-Williams were worth $34,865,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank boosted its stake in shares of Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares during the period. Tsfg LLC boosted its stake in shares of Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 34 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Sherwin-Williams by 5.5% during the 4th quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 35 shares during the period. Ellsworth Advisors LLC boosted its stake in shares of Sherwin-Williams by 0.9% during the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after acquiring an additional 36 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of Sherwin-Williams by 3.5% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock worth $342,000 after acquiring an additional 37 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHW. Mizuho reduced their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a report on Tuesday, February 27th. Finally, KeyCorp raised Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $344.41.

View Our Latest Research Report on Sherwin-Williams

Sherwin-Williams Price Performance

SHW stock traded down $4.30 during midday trading on Wednesday, reaching $297.43. 1,467,067 shares of the stock were exchanged, compared to its average volume of 1,477,053. The stock has a market capitalization of $75.41 billion, a PE ratio of 32.17, a P/E/G ratio of 2.45 and a beta of 1.18. The Sherwin-Williams Company has a 52 week low of $224.40 and a 52 week high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The company has a fifty day moving average price of $319.16 and a 200 day moving average price of $310.04.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

(Free Report)

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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