Neuburgh Advisers LLC raised its holdings in Sherwin-Williams Co (NYSE:SHW) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,880 shares of the specialty chemicals company’s stock after purchasing an additional 112 shares during the quarter. Neuburgh Advisers LLC’s holdings in Sherwin-Williams were worth $4,281,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc. now owns 7,104,385 shares of the specialty chemicals company’s stock valued at $3,233,988,000 after buying an additional 62,550 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Sherwin-Williams by 0.9% in the third quarter. Vanguard Group Inc now owns 7,104,385 shares of the specialty chemicals company’s stock valued at $3,233,988,000 after buying an additional 62,550 shares in the last quarter. BlackRock Inc. grew its stake in shares of Sherwin-Williams by 0.8% in the fourth quarter. BlackRock Inc. now owns 5,429,226 shares of the specialty chemicals company’s stock valued at $2,136,182,000 after buying an additional 42,112 shares in the last quarter. FMR LLC grew its stake in shares of Sherwin-Williams by 12.7% in the third quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock valued at $1,630,834,000 after buying an additional 402,592 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of Sherwin-Williams by 11.5% in the third quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock valued at $1,588,382,000 after buying an additional 359,552 shares in the last quarter. Institutional investors own 76.50% of the company’s stock.
A number of equities research analysts have recently weighed in on SHW shares. Longbow Research started coverage on Sherwin-Williams in a research note on Friday, November 30th. They issued a “neutral” rating for the company. Deutsche Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the company from $400.00 to $465.00 in a research note on Tuesday, December 4th. JPMorgan Chase & Co. raised Sherwin-Williams from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $380.00 to $415.00 in a research note on Monday, December 17th. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Wells Fargo & Co raised Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price objective for the company in a research note on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $461.75.
SHW opened at $427.99 on Tuesday. Sherwin-Williams Co has a 12 month low of $355.28 and a 12 month high of $479.64. The firm has a market cap of $41.18 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.69 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 1.01 and a debt-to-equity ratio of 2.33.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $3.16 earnings per share. As a group, research analysts forecast that Sherwin-Williams Co will post 21.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.06%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, February 22nd. Sherwin-Williams’s payout ratio is presently 18.56%.
In other Sherwin-Williams news, SVP Allen J. Mistysyn sold 2,874 shares of Sherwin-Williams stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the completion of the sale, the senior vice president now directly owns 10,599 shares of the company’s stock, valued at approximately $4,598,906.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jane M. Cronin sold 1,344 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total value of $593,026.56. Following the sale, the senior vice president now directly owns 4,078 shares of the company’s stock, valued at $1,799,376.72. The disclosure for this sale can be found here. Insiders have sold a total of 11,839 shares of company stock valued at $5,186,817 over the last three months. 0.78% of the stock is currently owned by insiders.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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