Royal London Asset Management Ltd. Acquires 1,545 Shares of The Sherwin-Williams Company (NYSE:SHW)

Royal London Asset Management Ltd. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,311 shares of the specialty chemicals company's stock after buying an additional 1,545 shares during the period. Royal London Asset Management Ltd.'s holdings in Sherwin-Williams were worth $37,838,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth about $26,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams during the third quarter worth approximately $32,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. True Wealth Design LLC boosted its stake in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares during the period. Finally, WR Wealth Planners LLC grew its position in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHW. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $401.13.

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Sherwin-Williams Trading Down 0.4 %

NYSE:SHW traded down $1.51 during mid-day trading on Tuesday, hitting $341.20. 1,180,490 shares of the company's stock were exchanged, compared to its average volume of 1,633,614. 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 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 50 day simple moving average of $354.10 and a 200-day simple moving average of $364.49. The firm has a market capitalization of $85.82 billion, a P/E ratio of 32.34, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results 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 net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the firm earned $1.81 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business 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 represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

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.