Adams Natural Resources Fund Inc. Has $7.82 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Adams Natural Resources Fund Inc. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the specialty chemicals company’s stock after buying an additional 800 shares during the period. Sherwin-Williams accounts for about 1.2% of Adams Natural Resources Fund Inc.’s portfolio, making the stock its 19th biggest holding. Adams Natural Resources Fund Inc.’s holdings in Sherwin-Williams were worth $7,818,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of Sherwin-Williams by 1.0% in the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock valued at $399,675,000 after purchasing an additional 10,709 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Sherwin-Williams by 1.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,173 shares of the specialty chemicals company’s stock valued at $1,593,000 after acquiring an additional 68 shares during the period. Cornerstone Advisors LLC lifted its position in Sherwin-Williams by 42.9% during the third quarter. Cornerstone Advisors LLC now owns 7,000 shares of the specialty chemicals company’s stock worth $2,672,000 after acquiring an additional 2,100 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Sherwin-Williams by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after purchasing an additional 15,843 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Sherwin-Williams by 3.0% during the third quarter. Raymond James Trust N.A. now owns 9,053 shares of the specialty chemicals company’s stock worth $3,455,000 after purchasing an additional 263 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SHW. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Citigroup restated a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Jefferies Financial Group restated a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Trading Down 0.5 %

Shares of Sherwin-Williams stock opened at $334.38 on Friday. The firm has a market capitalization of $84.10 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm’s 50 day moving average is $353.97 and its 200 day moving average is $364.59. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

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

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.

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.