Generali Asset Management SPA SGR bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,245 shares of the specialty chemicals company's stock, valued at approximately $7,902,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Horizon Investments LLC boosted its stake in Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after purchasing an additional 161 shares during the period. RD Lewis Holdings Inc. bought a new stake in Sherwin-Williams during the 4th quarter worth about $423,000. Flagship Wealth Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth about $212,000. Counterpoint Mutual Funds LLC bought a new stake in Sherwin-Williams during the 4th quarter worth about $277,000. Finally, Signaturefd LLC lifted its position in Sherwin-Williams by 0.8% during the 4th quarter. Signaturefd LLC now owns 5,412 shares of the specialty chemicals company's stock worth $1,840,000 after buying an additional 45 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Stock Performance
Shares of NYSE:SHW traded down $1.65 on Friday, reaching $334.38. 3,478,321 shares of the company's stock were exchanged, compared to its average volume of 1,630,028. The company has a fifty day moving average of $353.97 and a 200-day moving average of $364.59. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a market capitalization of $84.10 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) 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 last year, the firm posted $1.81 EPS. On average, research analysts predict 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is presently 29.95%.
Analyst Ratings Changes
SHW has been the topic of several analyst reports. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup reaffirmed a "buy" rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Finally, Morgan Stanley dropped their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $401.13.
Get Our Latest Report on SHW
Insiders Place Their Bets
In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred 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 sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.
About Sherwin-Williams
(
Free Report)
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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