Sei Investments Co. Purchases 16,502 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sei Investments Co. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,631 shares of the specialty chemicals company's stock after buying an additional 16,502 shares during the quarter. Sei Investments Co. owned approximately 0.05% of Sherwin-Williams worth $46,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 1.0% in the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after buying an additional 10,709 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter valued at approximately $450,000. Great Valley Advisor Group Inc. lifted its holdings in Sherwin-Williams by 35.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,726 shares of the specialty chemicals company's stock worth $1,041,000 after purchasing an additional 716 shares during the last quarter. Cerity Partners LLC boosted its position in Sherwin-Williams by 6.6% during the third quarter. Cerity Partners LLC now owns 83,803 shares of the specialty chemicals company's stock worth $31,985,000 after purchasing an additional 5,201 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Sherwin-Williams by 9.0% in the third quarter. Kingsview Wealth Management LLC now owns 960 shares of the specialty chemicals company's stock valued at $366,000 after purchasing an additional 79 shares during the period. Institutional investors own 77.67% of the company's stock.

Remove Ads

Sherwin-Williams Price Performance

SHW stock traded down $5.88 during trading on Friday, hitting $339.77. The company had a trading volume of 1,304,583 shares, compared to its average volume of 1,730,061. The company has a fifty day moving average price of $353.87 and a two-hundred day moving average price of $364.08. 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 market cap of $85.46 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

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

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. 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. Sherwin-Williams's dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Citigroup reaffirmed a "buy" rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Mizuho cut their price objective on 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 lowered their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $401.13.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.