The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,829,702 shares of the specialty chemicals company's stock after acquiring an additional 96,571 shares during the period. Geode Capital Management LLC owned approximately 1.92% of Sherwin-Williams worth $1,636,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Sherwin-Williams during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $36,000. WR Wealth Planners LLC increased its stake 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 purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth about $41,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on SHW. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Thursday. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Berenberg Bank upgraded 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 research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $398.94.

Sherwin-Williams Stock Performance

SHW traded down $8.74 on Friday, reaching $331.91. The company had a trading volume of 4,337,001 shares, compared to its average volume of 1,751,685. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The stock has a market capitalization of $83.48 billion, a PE ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The stock has a 50-day moving average price of $352.24 and a 200-day moving average price of $362.80.

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

Sherwin-Williams Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

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.