PineStone Asset Management Inc. Has $382.42 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

PineStone Asset Management Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,124,999 shares of the specialty chemicals company's stock after acquiring an additional 40,825 shares during the quarter. Sherwin-Williams accounts for 3.6% of PineStone Asset Management Inc.'s holdings, making the stock its 11th biggest position. PineStone Asset Management Inc. owned approximately 0.45% of Sherwin-Williams worth $382,421,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. raised its stake in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of analyst reports. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Morgan Stanley dropped their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus target price of $400.00.

Sherwin-Williams Price Performance

Shares of SHW traded down $1.61 during trading hours on Wednesday, hitting $351.39. 2,042,652 shares of the company were exchanged, compared to its average volume of 1,586,558. The company has a market cap of $88.50 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 3.08 and a beta of 1.22. 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 quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm's fifty day moving average is $352.19 and its 200 day moving average is $365.40.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $1.81 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams's dividend payout ratio is 27.11%.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly 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 filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by 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.