Greenland Capital Management LP Acquires Shares of 1,600 The Sherwin-Williams Company (NYSE:SHW)

Greenland Capital Management LP purchased 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 (SEC). The fund purchased 1,600 shares of the specialty chemicals company's stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FIL Ltd grew its position in Sherwin-Williams by 42.7% during the 4th quarter. FIL Ltd now owns 174,620 shares of the specialty chemicals company's stock worth $59,359,000 after acquiring an additional 52,227 shares during the last quarter. Southeast Asset Advisors LLC grew its holdings in shares of Sherwin-Williams by 5.9% during the fourth quarter. Southeast Asset Advisors LLC now owns 1,732 shares of the specialty chemicals company's stock worth $589,000 after purchasing an additional 96 shares during the last quarter. Twin Capital Management Inc. raised its holdings in shares of Sherwin-Williams by 16.8% in the fourth quarter. Twin Capital Management Inc. now owns 9,689 shares of the specialty chemicals company's stock valued at $3,294,000 after buying an additional 1,393 shares during the last quarter. Invesco Ltd. lifted its position in Sherwin-Williams by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,285,346 shares of the specialty chemicals company's stock worth $436,928,000 after buying an additional 12,602 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Sherwin-Williams by 36.0% during the 4th quarter. Bank of Montreal Can now owns 440,137 shares of the specialty chemicals company's stock worth $149,616,000 after acquiring an additional 116,582 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Trading Up 0.5 %

Shares of Sherwin-Williams stock traded up $1.52 during trading hours on Monday, hitting $338.29. The company's stock had a trading volume of 302,406 shares, compared to its average volume of 1,778,142. The company has a market capitalization of $85.08 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a 50 day moving average of $347.47 and a 200 day moving average of $360.20. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business posted $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 0.93%. Sherwin-Williams's dividend payout ratio is 29.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SHW. UBS Group reduced their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Royal Bank of Canada decreased 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. Jefferies Financial Group restated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Finally, Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $393.31.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the 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 completion of the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.

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.