8,608 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Polymer Capital Management US LLC

Polymer Capital Management US LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,608 shares of the specialty chemicals company's stock, valued at approximately $2,926,000. Sherwin-Williams makes up about 0.8% of Polymer Capital Management US LLC's portfolio, making the stock its 29th largest position.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $1,359,747,000. Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $230,829,000. Proficio Capital Partners LLC boosted its stake in Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock worth $162,987,000 after purchasing an additional 478,320 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sherwin-Williams by 28.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock valued at $690,796,000 after acquiring an additional 451,505 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Sherwin-Williams by 79.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company's stock worth $219,945,000 after acquiring an additional 289,450 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction 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 completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

SHW stock traded up $7.20 during midday trading on Friday, hitting $337.11. The stock had a trading volume of 2,032,653 shares, compared to its average volume of 1,781,910. 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 stock has a 50-day simple moving average of $347.47 and a 200 day simple moving average of $360.37. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a market capitalization of $84.79 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 period in the prior year, the company posted $1.81 EPS. As a group, equities research analysts anticipate 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley decreased 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. Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research note on Wednesday. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup decreased their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Barclays decreased their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Six 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $393.31.

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.