First Trust Advisors LP Has $36.23 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

First Trust Advisors LP boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1,110.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,575 shares of the specialty chemicals company's stock after purchasing an additional 97,772 shares during the period. First Trust Advisors LP's holdings in Sherwin-Williams were worth $36,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams in the fourth quarter worth approximately $36,000. WR Wealth Planners LLC increased its stake in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the business'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 sale, the insider now owns 5,365 shares of the company's stock, 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 is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $334.17 on Friday. The firm has a market capitalization of $84.05 billion, a PE ratio of 31.67, a PEG ratio of 2.98 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business's 50 day moving average is $342.57 and its 200-day moving average is $357.72.

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 quarter in the prior year, the company earned $1.81 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased 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 report on Wednesday, April 9th. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Six investment analysts have rated the stock with 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, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $392.00.

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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