NEOS Investment Management LLC Buys 3,527 Shares of The Sherwin-Williams Company (NYSE:SHW)

NEOS Investment Management LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,536 shares of the specialty chemicals company's stock after buying an additional 3,527 shares during the quarter. NEOS Investment Management LLC's holdings in Sherwin-Williams were worth $4,601,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its stake in shares of Sherwin-Williams by 1,000.0% in the third 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, Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $36,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

NYSE SHW traded up $1.93 on Tuesday, hitting $351.12. 394,864 shares of the company were exchanged, compared to its average volume of 1,725,791. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a 50 day moving average of $353.50 and a two-hundred day moving average of $363.63. 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 company has a market cap of $88.31 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.98 and a beta of 1.23.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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 net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the business earned $1.81 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Analysts Set New Price Targets

Several brokerages recently commented on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $400.19.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was 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 of the company's stock, valued at approximately $1,933,009.50. The trade was 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. 0.60% of the stock is currently owned by corporate insiders.

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.