Aviva PLC Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Aviva PLC grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 100.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,766 shares of the specialty chemicals company's stock after acquiring an additional 83,539 shares during the quarter. Aviva PLC owned about 0.07% of Sherwin-Williams worth $56,689,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC increased its holdings in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the last quarter. Apella Capital LLC increased its position in shares of Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after buying an additional 30 shares during the period. IMS Capital Management lifted its position in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after buying an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in Sherwin-Williams by 7.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after buying an additional 31 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of research firms recently weighed in on SHW. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $393.31.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $0.40 on Friday, reaching $330.31. 978,202 shares of the stock were exchanged, compared to its average volume of 1,775,994. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The business has a fifty day moving average price of $347.88 and a two-hundred day moving average price of $360.67. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a market capitalization of $83.08 billion, a PE ratio of 31.31, a PEG ratio of 2.98 and a beta of 1.26.

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

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a positive change 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 annualized dividend and a dividend yield of 0.96%. Sherwin-Williams's payout ratio is 29.95%.

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.