Guggenheim Capital LLC Has $61.67 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Guggenheim Capital LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 181,412 shares of the specialty chemicals company’s stock after buying an additional 6,659 shares during the quarter. Guggenheim Capital LLC’s holdings in Sherwin-Williams were worth $61,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SHW. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth $36,000. WR Wealth Planners LLC grew its position in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at $41,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.3 %

Shares of SHW opened at $341.13 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The business has a 50-day moving average of $347.01 and a 200 day moving average of $359.91. The firm has a market cap of $85.80 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $1.81 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SHW shares. Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.31.

Insiders Place Their Bets

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

About Sherwin-Williams

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.