AGF Management Ltd. Buys 4,429 Shares of The Sherwin-Williams Company (NYSE:SHW)

AGF Management Ltd. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,516 shares of the specialty chemicals company's stock after acquiring an additional 4,429 shares during the period. AGF Management Ltd. owned about 0.06% of Sherwin-Williams worth $53,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. First Personal Financial Services purchased a new position in Sherwin-Williams in the 3rd quarter worth approximately $29,000. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at $26,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter worth $32,000. True Wealth Design LLC raised its holdings in Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock worth $38,000 after purchasing an additional 90 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Transactions 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 value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Citigroup reiterated a "buy" rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $401.13.

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Sherwin-Williams Stock Down 1.5 %

Shares of SHW opened at $358.11 on Tuesday. The stock's 50-day moving average price is $353.08 and its 200-day moving average price is $365.99. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.88%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams's payout ratio is presently 29.95%.

Sherwin-Williams Profile

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.

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