MGO One Seven LLC Has $3.63 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

MGO One Seven LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,679 shares of the specialty chemicals company's stock after purchasing an additional 2,630 shares during the period. MGO One Seven LLC's holdings in Sherwin-Williams were worth $3,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SHW. Principal Financial Group Inc. grew its holdings in Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after acquiring an additional 10,709 shares in the last quarter. Tudor Financial Inc. bought a new stake in Sherwin-Williams in the third quarter valued at about $252,000. Eaton Financial Holdings Company LLC acquired a new stake in Sherwin-Williams during the third quarter valued at approximately $608,000. Arvest Bank Trust Division bought a new position in Sherwin-Williams during the 3rd quarter worth approximately $350,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Sherwin-Williams by 2,092.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company's stock worth $6,392,000 after acquiring an additional 15,983 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SHW shares. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Royal Bank of Canada cut their price target 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, Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $392.00.

Sherwin-Williams Trading Down 1.0 %

Shares of Sherwin-Williams stock traded down $3.18 on Friday, hitting $331.26. 1,552,327 shares of the company's stock traded hands, compared to its average volume of 1,765,949. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $83.32 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The firm's 50-day moving average price is $342.14 and its two-hundred day moving average price is $357.28.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 last year, the business earned $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business'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 sale, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

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.