The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,032,170 shares of the specialty chemicals company's stock after buying an additional 451,505 shares during the period. JPMorgan Chase & Co. owned about 0.81% of Sherwin-Williams worth $690,796,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SHW. Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after acquiring an additional 138,170 shares during the period. Geode Capital Management LLC boosted its stake in 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 worth $1,799,196,000 after purchasing an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd grew its holdings in Sherwin-Williams by 5.6% during the 4th 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 raised its position in shares of 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 valued at $586,293,000 after buying an additional 187,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sherwin-Williams by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company's stock worth $500,402,000 after buying an additional 50,983 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Stock Up 0.1 %

SHW stock traded up $0.37 during trading on Tuesday, reaching $349.56. 734,582 shares of the company traded hands, compared to its average volume of 1,727,201. The company has a market capitalization of $87.92 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The business has a 50 day simple moving average of $353.50 and a 200 day simple moving average of $363.63. 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 posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 in the previous year, the business earned $1.81 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared 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 positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams's payout ratio is presently 29.95%.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's 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 owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SHW. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho cut their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their target price 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. Morgan Stanley cut their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Barclays decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $400.19.

Sherwin-Williams 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.