The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,316,000 shares of the specialty chemicals company's stock after buying an additional 86,268 shares during the period. Alliancebernstein L.P. owned about 1.71% of Sherwin-Williams worth $1,467,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $1,359,747,000. Raymond James Financial Inc. purchased a new stake in Sherwin-Williams in the fourth quarter valued at about $230,829,000. Proficio Capital Partners LLC boosted its holdings in Sherwin-Williams by 41,520.8% in the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock worth $162,987,000 after acquiring an additional 478,320 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sherwin-Williams by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock worth $690,796,000 after acquiring an additional 451,505 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Sherwin-Williams by 79.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company's stock valued at $219,945,000 after acquiring an additional 289,450 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

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Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction on 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 $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SHW. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price target on Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Thursday. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Citigroup reiterated a "buy" rating and set a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and raised their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $398.94.

Sherwin-Williams Trading Down 1.5 %

SHW traded down $5.04 on Friday, hitting $335.62. The company had a trading volume of 2,059,740 shares, compared to its average volume of 1,834,912. The company's fifty day moving average price is $352.80 and its 200 day moving average price is $363.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market cap of $84.41 billion, a P/E ratio of 31.78, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 business earned $1.81 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current 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 paid a dividend of $0.79 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.94%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is currently 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.