The Sherwin-Williams Company (NYSE:SHW) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,748 shares of the specialty chemicals company's stock after purchasing an additional 1,135 shares during the period. M&T Bank Corp owned 0.07% of Sherwin-Williams worth $62,462,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SHW. FMR LLC raised its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock worth $1,799,196,000 after buying an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd lifted its holdings in shares of Sherwin-Williams by 5.6% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock worth $738,261,000 after buying an additional 114,591 shares during the last quarter. Bank of New York Mellon Corp grew its position in Sherwin-Williams by 12.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company's stock worth $586,293,000 after purchasing an additional 187,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sherwin-Williams by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company's stock valued at $500,402,000 after acquiring an additional 50,983 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

SHW has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. 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. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Morgan Stanley reduced their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $403.31.

Sherwin-Williams Trading Up 2.0 %

Shares of NYSE SHW traded up $7.26 during midday trading on Wednesday, hitting $362.54. 2,000,172 shares of the company traded hands, compared to its average volume of 1,599,118. The firm has a market cap of $91.18 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.98 and a beta of 1.22. The stock has a 50-day moving average price of $351.99 and a 200 day moving average price of $365.84. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's payout ratio is currently 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.