Adams Natural Resources Fund Inc. Has $7.82 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Adams Natural Resources Fund Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the specialty chemicals company's stock after acquiring an additional 800 shares during the quarter. Sherwin-Williams accounts for 1.2% of Adams Natural Resources Fund Inc.'s holdings, making the stock its 19th biggest position. Adams Natural Resources Fund Inc.'s holdings in Sherwin-Williams were worth $7,818,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after acquiring an additional 999,164 shares during the last quarter. Geode Capital Management LLC grew its stake in Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock valued at $1,799,196,000 after purchasing an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its position in shares of Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock worth $738,261,000 after purchasing an additional 114,591 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sherwin-Williams by 12.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company's stock worth $586,293,000 after purchasing an additional 187,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Sherwin-Williams by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company's stock valued at $500,402,000 after buying an additional 50,983 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

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Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $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 is available at the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $3.33 during mid-day trading on Wednesday, reaching $344.49. 1,499,179 shares of the company's stock were exchanged, compared to its average volume of 1,632,712. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market capitalization of $86.64 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business's fifty day simple moving average is $354.10 and its two-hundred day simple moving average is $364.35.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHW shares. Citigroup reaffirmed a "buy" rating and set a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Mizuho cut 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 note on Tuesday, January 7th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.