Invesco Ltd. Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Invesco Ltd. grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,285,346 shares of the specialty chemicals company's stock after acquiring an additional 12,602 shares during the quarter. Invesco Ltd. owned 0.51% of Sherwin-Williams worth $436,928,000 at the end of the most recent quarter.

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

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

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Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $1.92 during midday trading on Monday, reaching $338.69. 263,363 shares of the company traded hands, compared to its average volume of 1,777,975. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 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. The firm has a market capitalization of $85.18 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The firm's fifty day moving average price is $347.47 and its two-hundred day moving average price is $360.20.

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 the consensus estimate 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 last year, the firm earned $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHW. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. UBS Group decreased their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Morgan Stanley cut their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup dropped their target price on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $393.31.

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.