O Shaughnessy Asset Management LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

O Shaughnessy Asset Management LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,139 shares of the specialty chemicals company's stock after acquiring an additional 4,340 shares during the period. O Shaughnessy Asset Management LLC's holdings in Sherwin-Williams were worth $14,664,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SHW. Legacy Capital Wealth Partners LLC grew its stake 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 grew its position in Sherwin-Williams by 2.1% in 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 increased its stake in 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 purchasing an additional 30 shares during the period. IMS Capital Management lifted its position 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 worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in Sherwin-Williams by 7.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock valued at $149,000 after buying an additional 31 shares during the period. 77.67% of the stock is owned by institutional investors.

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Analyst Ratings Changes

SHW has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup reiterated a "buy" rating and set a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Mizuho decreased their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, Berenberg Bank raised 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 research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $398.94.

Sherwin-Williams Stock Performance

SHW traded down $8.74 during midday trading on Friday, hitting $331.91. 4,337,001 shares of the company were exchanged, compared to its average volume of 1,748,173. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 capitalization of $83.48 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company's 50 day simple moving average is $352.24 and its 200 day simple moving average is $362.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm earned $1.81 earnings per share. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is 29.95%.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

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.