Citizens Financial Group Inc. RI Has $1.93 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Citizens Financial Group Inc. RI lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,668 shares of the specialty chemicals company's stock after buying an additional 1,495 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Sherwin-Williams were worth $1,927,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SHW. FMR LLC lifted its stake in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth about $230,829,000. Proficio Capital Partners LLC lifted its stake in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock worth $162,987,000 after buying an additional 478,320 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after buying an additional 308,921 shares during the last quarter. Finally, Canoe Financial LP lifted its stake in shares of Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after buying an additional 286,791 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

SHW stock opened at $350.21 on Thursday. 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 Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm has a market cap of $88.08 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.98 and a beta of 1.23. The company's 50-day moving average price is $353.57 and its two-hundred day moving average price is $365.85.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 last year, the company posted $1.81 EPS. On average, 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 will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams's payout ratio is 29.95%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SHW. Jefferies Financial Group restated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Mizuho dropped their price objective 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. Citigroup reiterated a "buy" rating and issued a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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