Argentarii LLC Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Argentarii LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 868 shares of the specialty chemicals company's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $677,000. Barings LLC lifted its position in shares of Sherwin-Williams by 1.7% during the 4th quarter. Barings LLC now owns 19,599 shares of the specialty chemicals company's stock worth $6,662,000 after buying an additional 328 shares in the last quarter. Naviter Wealth LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $325,000. Marble Harbor Investment Counsel LLC lifted its holdings in Sherwin-Williams by 6.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 11,909 shares of the specialty chemicals company's stock worth $4,048,000 after acquiring an additional 705 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Sherwin-Williams by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 256,737 shares of the specialty chemicals company's stock valued at $87,273,000 after purchasing an additional 124,257 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on 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 transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

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Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $2.81 during trading on Wednesday, hitting $350.21. The stock had a trading volume of 1,409,000 shares, compared to its average volume of 1,612,285. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The business's 50-day moving average is $353.57 and its 200 day moving average is $365.85. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company posted $1.81 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

Analyst Ratings Changes

Several research firms recently weighed in on SHW. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday. Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Finally, StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $401.13.

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.