King Luther Capital Management Corp Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

King Luther Capital Management Corp grew its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 253,292 shares of the specialty chemicals company's stock after acquiring an additional 5,486 shares during the quarter. King Luther Capital Management Corp owned about 0.10% of Sherwin-Williams worth $86,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $29,000. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth $26,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its stake in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 90 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 $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 available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $401.13.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded down $2.39 on Wednesday, reaching $350.63. 680,363 shares of the company were exchanged, compared to its average volume of 1,608,279. The company has a 50-day moving average of $353.36 and a 200-day moving average of $365.96. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market cap of $88.19 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

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

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 0.90%. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is currently 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.