RD Lewis Holdings Inc. Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

RD Lewis Holdings Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,172 shares of the specialty chemicals company's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after purchasing an additional 999,164 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $230,829,000. Proficio Capital Partners LLC raised its holdings in Sherwin-Williams by 41,520.8% during the fourth 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 in the last quarter. Canoe Financial LP raised its holdings in Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after purchasing an additional 286,791 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Sherwin-Williams by 47.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company's stock valued at $293,889,000 after buying an additional 278,242 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction on 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 sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 0.5 %

SHW stock traded down $1.65 during midday trading on Friday, reaching $334.38. The company's stock had a trading volume of 3,478,321 shares, compared to its average volume of 1,630,028. The business's 50-day simple moving average is $353.97 and its 200-day simple moving average is $364.59. 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 stock has a market cap of $84.10 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 period last year, the firm earned $1.81 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Mizuho cut their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada dropped 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 report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.13.

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.