Enhancing Capital LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Enhancing Capital LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,468 shares of the specialty chemicals company's stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after purchasing an additional 10,709 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Sherwin-Williams by 16.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,647 shares of the specialty chemicals company's stock worth $1,010,000 after purchasing an additional 370 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Sherwin-Williams by 5.6% in the 3rd quarter. Empowered Funds LLC now owns 5,239 shares of the specialty chemicals company's stock worth $2,000,000 after purchasing an additional 278 shares in the last quarter. Atlanta Consulting Group Advisors LLC boosted its position in shares of Sherwin-Williams by 8.8% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 1,017 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 82 shares in the last quarter. Finally, Claro Advisors LLC boosted its position in shares of Sherwin-Williams by 5.0% in the 3rd quarter. Claro Advisors LLC now owns 3,105 shares of the specialty chemicals company's stock worth $1,185,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $1.65 during midday trading on Friday, hitting $334.38. 3,478,321 shares of the stock traded hands, compared to its average volume of 1,630,028. The firm has a 50-day moving average of $353.97 and a two-hundred day moving average of $364.59. The firm has a market capitalization of $84.10 billion, a P/E ratio of 31.69, a PEG ratio of 2.98 and a beta of 1.23. 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 one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 last year, the business posted $1.81 earnings per share. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of analyst reports. Citigroup reissued a "buy" rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Morgan Stanley dropped their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $401.13.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 directly 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 SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

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.