The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Fmr LLC

FMR LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,588,755 shares of the specialty chemicals company's stock after purchasing an additional 106,093 shares during the period. FMR LLC owned about 2.62% of Sherwin-Williams worth $2,239,715,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in 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 valued at $399,675,000 after purchasing an additional 10,709 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Sherwin-Williams by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 2,266 shares of the specialty chemicals company's stock valued at $865,000 after buying an additional 177 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $297,000. EP Wealth Advisors LLC grew its stake in Sherwin-Williams by 358.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 17,848 shares of the specialty chemicals company's stock worth $6,812,000 after acquiring an additional 13,952 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its holdings in Sherwin-Williams by 609.3% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 58,166 shares of the specialty chemicals company's stock valued at $22,200,000 after acquiring an additional 49,966 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on SHW shares. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. UBS Group lowered their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, 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 note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $393.31.

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 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 completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 2.2 %

Shares of NYSE SHW traded up $7.20 during trading on Friday, reaching $337.11. 2,032,653 shares of the stock were exchanged, compared to its average volume of 1,781,910. The business's 50-day moving average price is $347.47 and its 200 day moving average price is $360.37. The company has a market capitalization of $84.79 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. 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 posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 previous year, the company posted $1.81 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.

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.