The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,945 shares of the specialty chemicals company's stock after acquiring an additional 6,082 shares during the quarter. Erste Asset Management GmbH's holdings in Sherwin-Williams were worth $38,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SHW. FMR LLC increased its stake in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after acquiring an additional 999,164 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $230,829,000. Proficio Capital Partners LLC increased its stake 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. Mizuho Securities USA LLC grew its position in Sherwin-Williams by 1,717.9% in the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after buying an additional 308,921 shares during the last quarter. Finally, Canoe Financial LP grew its position in Sherwin-Williams by 542.0% in the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after buying an additional 286,791 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHW. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley decreased their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $401.13.

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Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction 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 sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Down 0.8 %

Shares of NYSE:SHW opened at $350.21 on Thursday. The firm has a fifty day moving average of $353.57 and a two-hundred day moving average of $365.85. The firm has a market capitalization of $88.08 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 issued its 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 last year, the company posted $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. Sherwin-Williams's dividend payout ratio is currently 29.95%.

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.

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