The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 683,602 shares of the specialty chemicals company's stock after purchasing an additional 74,994 shares during the period. Schroder Investment Management Group owned about 0.27% of Sherwin-Williams worth $232,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Principal Financial Group Inc. raised its holdings in Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. D.A. Davidson & CO. increased its holdings in Sherwin-Williams by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock worth $2,835,000 after acquiring an additional 31 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of Sherwin-Williams in the third quarter worth $234,000. Fiduciary Trust Co lifted its stake in shares of Sherwin-Williams by 6.7% during the 3rd quarter. Fiduciary Trust Co now owns 5,978 shares of the specialty chemicals company's stock valued at $2,282,000 after buying an additional 375 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Sherwin-Williams by 14.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,980 shares of the specialty chemicals company's stock worth $3,427,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, Citigroup reiterated a "buy" rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $400.19.

Sherwin-Williams Trading Up 0.5 %

SHW stock traded up $1.58 during trading on Tuesday, hitting $350.77. The company had a trading volume of 1,257,973 shares, compared to its average volume of 1,729,117. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a 50 day simple moving average of $353.50 and a 200-day simple moving average of $363.63. The firm has a market capitalization of $88.22 billion, a P/E ratio of 33.25, a PEG ratio of 2.98 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating 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 quarter in the prior year, the firm earned $1.81 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business'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 value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company's stock.

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.