Jones Financial Companies Lllp Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Jones Financial Companies Lllp boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,012 shares of the specialty chemicals company's stock after acquiring an additional 3,462 shares during the quarter. Jones Financial Companies Lllp's holdings in Sherwin-Williams were worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after acquiring an additional 999,164 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock valued at $1,799,196,000 after buying an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd boosted its stake in shares of Sherwin-Williams by 5.6% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock valued at $738,261,000 after buying an additional 114,591 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Sherwin-Williams by 12.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company's stock worth $586,293,000 after acquiring an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Sherwin-Williams by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company's stock worth $542,387,000 after acquiring an additional 15,843 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHW. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Citigroup restated a "buy" rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their target price for the company from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Morgan Stanley dropped their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $403.31.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 transaction, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 2.0 %

Shares of SHW traded up $7.26 during mid-day trading on Wednesday, hitting $362.54. The company had a trading volume of 2,000,172 shares, compared to its average volume of 1,599,118. The business's 50-day simple moving average is $351.99 and its 200-day simple moving average is $365.84. 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 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market cap of $91.18 billion, a PE ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 in the previous year, the firm earned $1.81 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams's payout ratio is 29.95%.

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.