Pensionfund Sabic Has $1.87 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Pensionfund Sabic lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the specialty chemicals company's stock after purchasing an additional 1,500 shares during the period. Pensionfund Sabic's holdings in Sherwin-Williams were worth $1,870,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its position in Sherwin-Williams by 17.6% in the 4th quarter. GAMMA Investing LLC now owns 3,913 shares of the specialty chemicals company's stock valued at $1,330,000 after buying an additional 586 shares during the last quarter. Versant Capital Management Inc lifted its position in Sherwin-Williams by 10.7% during the 4th quarter. Versant Capital Management Inc now owns 1,138 shares of the specialty chemicals company's stock worth $387,000 after buying an additional 110 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Sherwin-Williams by 0.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 136,427 shares of the specialty chemicals company's stock valued at $52,070,000 after acquiring an additional 844 shares in the last quarter. 1ST Source Bank bought a new stake in Sherwin-Williams during the third quarter worth about $215,000. Finally, Copley Financial Group Inc. bought a new position in Sherwin-Williams in the third quarter valued at approximately $499,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.3 %

NYSE:SHW traded up $1.13 during mid-day trading on Monday, hitting $337.67. 1,841,024 shares of the company's stock were exchanged, compared to its average volume of 1,913,541. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $85.04 billion, a P/E ratio of 33.63, a PEG ratio of 2.94 and a beta of 1.22. The company has a 50 day simple moving average of $369.86 and a 200-day simple moving average of $357.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.63.

Insiders Place Their Bets

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

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.