Rockefeller Capital Management L.P. Acquires 4,852 Shares of The Sherwin-Williams Company (NYSE:SHW)

Rockefeller Capital Management L.P. raised its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,398 shares of the specialty chemicals company's stock after buying an additional 4,852 shares during the period. Rockefeller Capital Management L.P.'s holdings in Sherwin-Williams were worth $25,291,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SHW. 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. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $230,829,000. Proficio Capital Partners LLC raised its holdings in shares of 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 valued at $162,987,000 after acquiring an additional 478,320 shares during the period. JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock worth $690,796,000 after purchasing an additional 451,505 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 purchasing an additional 289,450 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $1.75 during trading on Friday, reaching $333.03. The stock had a trading volume of 2,238,297 shares, compared to its average volume of 1,786,587. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a fifty day simple moving average of $344.78 and a two-hundred day simple moving average of $358.89. 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 has a market capitalization of $83.76 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was 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 of the company's stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $392.50.

Sherwin-Williams 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.