The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Scotia Capital Inc.

Scotia Capital Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,022 shares of the specialty chemicals company's stock after purchasing an additional 4,629 shares during the quarter. Scotia Capital Inc.'s holdings in Sherwin-Williams were worth $14,966,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Sherwin-Williams during the 4th quarter worth $1,359,747,000. Raymond James Financial Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter worth $230,829,000. Proficio Capital Partners LLC raised its stake in Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock valued at $162,987,000 after purchasing an additional 478,320 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sherwin-Williams by 28.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock valued at $690,796,000 after acquiring an additional 451,505 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Sherwin-Williams by 79.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company's stock valued at $219,945,000 after purchasing an additional 289,450 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on SHW. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday. Wells Fargo & Company reduced their target price on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. UBS Group dropped their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Royal Bank of Canada cut their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $392.50.

Sherwin-Williams Stock Performance

SHW stock traded down $2.08 during trading on Wednesday, reaching $334.80. The company had a trading volume of 299,834 shares, compared to its average volume of 1,775,585. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a 50-day simple moving average of $346.45 and a 200-day simple moving average of $359.75. The company has a market cap of $84.21 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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 0.94%. Sherwin-Williams's dividend payout ratio (DPR) 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.