109,282 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 109,282 shares of the specialty chemicals company's stock, valued at approximately $37,148,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Finally, True Wealth Design LLC boosted its position in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock worth $38,000 after purchasing an additional 90 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $1.03 during mid-day trading on Thursday, reaching $345.45. 2,057,734 shares of the company were exchanged, compared to its average volume of 1,636,434. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a market capitalization of $86.88 billion, a P/E ratio of 32.74, a P/E/G ratio of 2.98 and a beta of 1.23. The company's 50-day simple moving average is $354.05 and its 200-day simple moving average is $364.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.79 dividend. 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 0.91%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHW shares. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. One 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $401.13.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value 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. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

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.