FIL Ltd Has $59.36 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

FIL Ltd raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,620 shares of the specialty chemicals company's stock after buying an additional 52,227 shares during the quarter. FIL Ltd owned approximately 0.07% of Sherwin-Williams worth $59,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after buying an additional 10,709 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at approximately $214,000. Executive Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter valued at approximately $418,000. Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock worth $1,799,196,000 after purchasing an additional 58,463 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Sherwin-Williams by 23.1% during the third quarter. Coldstream Capital Management Inc. now owns 5,454 shares of the specialty chemicals company's stock worth $2,087,000 after purchasing an additional 1,025 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the business'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 sale, the insider now owns 5,365 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW traded down $0.83 during midday trading on Tuesday, reaching $340.19. The stock had a trading volume of 421,117 shares, compared to its average volume of 1,915,176. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a market capitalization of $85.56 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.98 and a beta of 1.26. The firm's 50 day moving average price is $347.01 and its 200-day moving average price is $359.91. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

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

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams's payout ratio is currently 29.95%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday. Citigroup lowered their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average price target of $392.50.

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.