The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,129 shares of the specialty chemicals company’s stock after acquiring an additional 66 shares during the period. Arizona State Retirement System’s holdings in Sherwin-Williams were worth $23,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its position in Sherwin-Williams by 4.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock worth $275,000 after buying an additional 29 shares in the last quarter. Essex Savings Bank increased its position in Sherwin-Williams by 3.4% during the third quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock worth $336,000 after buying an additional 29 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its position in Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC grew its position in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC grew its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 2.0 %

Shares of SHW opened at $362.54 on Thursday. The stock’s 50-day moving average is $351.99 and its two-hundred day moving average is $365.84. The stock has a market cap of $91.18 billion, a PE ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm earned $1.81 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 29.95%.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHW. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Evercore ISI lifted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup reaffirmed a “buy” rating and issued a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.31.

Sherwin-Williams Company Profile

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.