The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Jump Financial LLC

Jump Financial LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 174.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,830 shares of the specialty chemicals company's stock after buying an additional 20,242 shares during the period. Jump Financial LLC's holdings in Sherwin-Williams were worth $10,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Merit Financial Group LLC lifted its stake in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 523 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock valued at $2,271,000 after buying an additional 2,303 shares during the last quarter. Burney Co. lifted its position in Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after acquiring an additional 766 shares during the period. Kerusso Capital Management LLC lifted its position in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Canoe Financial LP lifted its holdings in shares of Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock valued at $115,477,000 after buying an additional 286,791 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.5 %

NYSE SHW traded up $1.75 during trading hours on Friday, hitting $333.03. The company had a trading volume of 2,238,297 shares, compared to its average volume of 1,787,484. The firm's 50 day moving average is $344.78 and its 200 day moving average is $358.76. The company has a market capitalization of $83.76 billion, a price-to-earnings ratio of 31.57, a P/E/G 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 Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 last year, the company earned $1.81 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams's payout ratio is currently 29.95%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup decreased their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Finally, Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $392.50.

Insider Activity

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 transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

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.