The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Capital World Investors

Capital World Investors lifted its position in The Sherwin-Williams Company (NYSE:SHWFree Report) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,840,789 shares of the specialty chemicals company’s stock after purchasing an additional 1,075,351 shares during the quarter. Capital World Investors’ holdings in Sherwin-Williams were worth $1,197,952,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock valued at $5,421,518,000 after buying an additional 187,478 shares during the period. FMR LLC raised its stake in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after acquiring an additional 2,146,102 shares during the period. Morgan Stanley lifted its holdings in shares of Sherwin-Williams by 1.5% in the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after acquiring an additional 75,571 shares during the last quarter. Norges Bank purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $1,176,356,000. Finally, Clearbridge Investments LLC increased its holdings in Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock valued at $866,862,000 after purchasing an additional 116,647 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the subject of several research analyst reports. Wolfe Research assumed coverage on Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Evercore ISI lifted their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Mizuho reduced their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. KeyCorp upgraded shares of 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. Finally, Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $344.41.

View Our Latest Report on Sherwin-Williams

Sherwin-Williams Stock Performance

SHW traded up $2.39 on Wednesday, reaching $308.23. The company had a trading volume of 1,606,736 shares, compared to its average volume of 1,540,468. The stock has a 50-day moving average price of $315.08 and a 200-day moving average price of $311.35. The stock has a market capitalization of $78.15 billion, a PE ratio of 32.53, a P/E/G ratio of 2.43 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

About Sherwin-Williams

(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.

Further Reading

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

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