Phoenix Financial Ltd. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 556.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,151 shares of the specialty chemicals company's stock after purchasing an additional 3,519 shares during the period. Phoenix Financial Ltd.'s holdings in Sherwin-Williams were worth $1,411,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of SHW. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the 4th quarter worth about $36,000. WR Wealth Planners LLC grew its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Sherwin-Williams
In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on SHW shares. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada cut 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 note on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Citigroup cut their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $392.50.
Get Our Latest Analysis on SHW
Sherwin-Williams Price Performance
Shares of SHW stock traded down $2.08 during trading hours on Wednesday, hitting $334.80. 299,834 shares of the company's stock were exchanged, compared to its average volume of 1,775,585. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm has a market cap of $84.21 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.98 and a beta of 1.26. The firm has a 50 day moving average of $346.45 and a two-hundred day moving average of $359.75.
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 for the quarter, beating the consensus estimate 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 in the previous year, the business posted $1.81 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.
Sherwin-Williams Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.
About Sherwin-Williams
(
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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