Ossiam raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,770 shares of the specialty chemicals company's stock after buying an additional 7,493 shares during the period. Ossiam's holdings in Sherwin-Williams were worth $6,720,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC raised its holdings in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $41,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Stock Down 0.2 %
Shares of SHW traded down $0.56 during trading hours on Wednesday, hitting $331.40. The stock had a trading volume of 1,338,161 shares, compared to its average volume of 1,772,797. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a market capitalization of $83.35 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The firm has a 50 day simple moving average of $343.54 and a 200-day simple moving average of $358.14. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 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 previous year, the firm earned $1.81 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams's dividend payout ratio is presently 29.95%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on SHW shares. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased 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 research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target of $391.25.
Read Our Latest Analysis on SHW
Insider Activity 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 transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.
Sherwin-Williams Company Profile
(
Free Report)
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.
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