Natixis Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Natixis lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,646 shares of the specialty chemicals company's stock after purchasing an additional 5,030 shares during the quarter. Natixis owned 0.05% of Sherwin-Williams worth $44,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC boosted its position in shares of Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after buying an additional 29 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after acquiring an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after acquiring an additional 30 shares during the period. IMS Capital Management raised its holdings in shares of Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Sherwin-Williams by 7.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock valued at $149,000 after purchasing an additional 31 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. Jefferies Financial Group restated a "hold" rating and issued a $380.00 price target (down 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 Sherwin-Williams in a research note on Friday, January 31st. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Barclays dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their target price on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $391.25.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $1.82 on Thursday, hitting $333.07. 620,495 shares of the company traded hands, compared to its average volume of 1,768,411. 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 $343.03 and a 200 day simple moving average of $357.95. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a market capitalization of $83.77 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26.

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, 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 period in the prior year, the company earned $1.81 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, May 16th. 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.