State of Alaska Department of Revenue Raises Stake in Sherwin-Williams Co (SHW)

State of Alaska Department of Revenue lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 354.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,540 shares of the specialty chemicals company’s stock after buying an additional 8,220 shares during the period. State of Alaska Department of Revenue’s holdings in Sherwin-Williams were worth $4,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its position in shares of Sherwin-Williams by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock worth $1,182,000 after acquiring an additional 30 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Sherwin-Williams by 1.5% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,150 shares of the specialty chemicals company’s stock valued at $755,000 after purchasing an additional 31 shares in the last quarter. National Asset Management Inc. grew its holdings in Sherwin-Williams by 3.1% during the 2nd quarter. National Asset Management Inc. now owns 1,244 shares of the specialty chemicals company’s stock valued at $438,000 after purchasing an additional 37 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Sherwin-Williams by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 3,260 shares of the specialty chemicals company’s stock valued at $1,142,000 after purchasing an additional 75 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in Sherwin-Williams by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,070 shares of the specialty chemicals company’s stock valued at $1,077,000 after purchasing an additional 80 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Co (NYSE:SHW) traded down $0.17 during trading on Wednesday, hitting $405.66. 730,766 shares of the stock were exchanged, compared to its average volume of 710,822. Sherwin-Williams Co has a twelve month low of $305.70 and a twelve month high of $435.15. The firm has a market capitalization of $37,930.00, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $2.15 EPS. The company’s revenue was up 43.0% compared to the same quarter last year. equities research analysts anticipate that Sherwin-Williams Co will post 19.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 0.85%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s payout ratio is 17.86%.

In related news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares in the company, valued at approximately $5,777,716.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the transaction, the insider now owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders sold a total of 15,122 shares of company stock worth $5,969,846 in the last three months. Insiders own 1.69% of the company’s stock.

SHW has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $455.00 price objective on shares of Sherwin-Williams in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a research report on Wednesday, December 27th. Deutsche Bank started coverage on shares of Sherwin-Williams in a research report on Friday, December 22nd. They issued a “hold” rating and a $420.00 price target on the stock. Citigroup lifted their price objective on shares of Sherwin-Williams to $486.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, UBS Group lifted their price objective on shares of Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average target price of $436.20.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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