Capital World Investors Purchases 13,562 Shares of The Sherwin-Williams Company (NYSE:SHW)

Capital World Investors grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 732,168 shares of the specialty chemicals company's stock after acquiring an additional 13,562 shares during the quarter. Capital World Investors owned about 0.29% of Sherwin-Williams worth $248,871,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHW. Merit Financial Group LLC raised its position in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after buying an additional 523 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after acquiring an additional 2,303 shares during the period. Burney Co. raised its holdings in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after purchasing an additional 766 shares in the last quarter. Kerusso Capital Management LLC lifted its position in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Canoe Financial LP boosted its stake in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock valued at $115,477,000 after purchasing an additional 286,791 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Down 0.2 %

Shares of SHW stock traded down $0.56 on Wednesday, reaching $331.40. 1,338,161 shares of the company's stock traded hands, compared to its average volume of 1,772,797. The business's 50 day moving average price is $343.03 and its two-hundred day moving average price is $357.95. The company has a market capitalization of $83.35 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm posted $1.81 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

Analyst Ratings Changes

A number of analysts have recently commented on SHW shares. Mizuho set a $395.00 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Berenberg Bank upgraded shares of 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. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Morgan Stanley reduced their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, eleven have assigned 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 an average price target of $391.25.

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.