The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 91.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,000 shares of the specialty chemicals company's stock after buying an additional 14,800 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Sherwin-Williams were worth $10,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $36,000. WR Wealth Planners LLC boosted 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 acquiring an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SHW shares. Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Barclays dropped their price objective 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, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Six investment 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's stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $393.31.

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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 0.9 %

Shares of NYSE SHW traded up $2.83 on Friday, hitting $332.74. The company had a trading volume of 1,050,105 shares, compared to its average volume of 1,776,307. The firm has a market capitalization of $83.69 billion, a P/E ratio of 31.62, a PEG ratio of 2.98 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business has a 50 day moving average of $347.88 and a two-hundred day moving average of $360.67.

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 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 quarter last year, the business posted $1.81 earnings per share. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share 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 0.95%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is 29.95%.

Sherwin-Williams Company 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.