Teachers Advisors LLC decreased its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 390,741 shares of the specialty chemicals company’s stock after selling 13,522 shares during the quarter. Teachers Advisors LLC’s holdings in Sherwin-Williams were worth $160,219,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in SHW. USA Mutuals Advisors Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $106,000. Spectrum Management Group Inc. purchased a new position in shares of Sherwin-Williams in the third quarter worth $162,000. Montag A & Associates Inc. purchased a new position in shares of Sherwin-Williams in the third quarter worth $202,000. BTIM Corp. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $202,000. Finally, Chemung Canal Trust Co. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $204,000. Institutional investors and hedge funds own 74.97% of the company’s stock.
Shares of Sherwin-Williams Co (NYSE:SHW) opened at $421.16 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. Sherwin-Williams Co has a fifty-two week low of $305.70 and a fifty-two week high of $435.15. The company has a market capitalization of $39,586.43, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.90 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $2.15 EPS. The business’s revenue was up 43.0% on a year-over-year basis. analysts forecast that Sherwin-Williams Co will post 19.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s payout ratio is currently 18.48%.
Several research firms have recently weighed in on SHW. Credit Suisse Group restated a “hold” rating and issued a $473.00 price target on shares of Sherwin-Williams in a research note on Wednesday, January 24th. Citigroup boosted their price target on Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Robert W. Baird restated a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. Finally, Bank of America boosted their price target on Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Sherwin-Williams has a consensus rating of “Buy” and a consensus 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.
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