DnB Asset Management AS Acquires 4,720 Shares of The Sherwin-Williams Company (NYSE:SHW)

DnB Asset Management AS lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,820 shares of the specialty chemicals company's stock after buying an additional 4,720 shares during the period. DnB Asset Management AS's holdings in Sherwin-Williams were worth $18,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $32,000. True Wealth Design LLC boosted its position in Sherwin-Williams by 1,000.0% in the third 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 during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Citigroup reiterated a "buy" rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $400.19.

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Sherwin-Williams Price Performance

Shares of SHW stock traded up $1.58 on Tuesday, reaching $350.77. The company's stock had a trading volume of 1,249,336 shares, compared to its average volume of 1,729,117. The company has a market capitalization of $88.22 billion, a P/E ratio of 33.25, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock's 50 day simple moving average is $353.50 and its 200-day simple moving average is $363.63. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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 period in the previous year, the company posted $1.81 EPS. As a group, equities analysts predict 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. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is currently 29.95%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company's stock.

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.