Wells Fargo & Company MN Purchases 48,404 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wells Fargo & Company MN raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 956,603 shares of the specialty chemicals company's stock after acquiring an additional 48,404 shares during the quarter. Wells Fargo & Company MN owned about 0.38% of Sherwin-Williams worth $325,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SHW. Merit Financial Group LLC boosted its holdings in Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after purchasing an additional 523 shares during the period. Park Avenue Securities LLC lifted its stake in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. boosted its holdings in shares of Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock worth $5,871,000 after purchasing an additional 766 shares in the last quarter. Kerusso Capital Management LLC boosted its stake in Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after buying an additional 4,439 shares in the last quarter. Finally, Canoe Financial LP grew its position 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 valued at $115,477,000 after acquiring an additional 286,791 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Analyst Ratings Changes

SHW has been the subject of several analyst reports. Barclays cut their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their target price 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. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their target price on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $393.31.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded down $12.52 during midday trading on Thursday, reaching $323.74. 935,035 shares of the company's stock traded hands, compared to its average volume of 1,772,328. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a market cap of $81.42 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.98 and a beta of 1.26. The stock has a 50 day moving average of $348.45 and a 200 day moving average of $361.03.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $1.81 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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. 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. This represents a $3.16 dividend on an annualized basis and a yield of 0.98%. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the 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 transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

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.