The Sherwin-Williams Company (NYSE:SHW) Stock Position Increased by TIAA Trust National Association

TIAA Trust National Association boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,529 shares of the specialty chemicals company's stock after purchasing an additional 2,546 shares during the period. TIAA Trust National Association's holdings in Sherwin-Williams were worth $15,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SHW. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $28,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $32,000. True Wealth Design LLC raised its holdings in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 90 shares during the period. Finally, Sierra Ocean LLC acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada dropped their target price on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $401.13.

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Insider Activity

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 value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 1.7 %

Shares of NYSE:SHW traded down $5.88 during midday trading on Friday, reaching $339.77. The company had a trading volume of 1,304,583 shares, compared to its average volume of 1,730,061. 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 $85.46 billion, a P/E ratio of 32.21, a PEG ratio of 2.98 and a beta of 1.23. The stock's fifty day moving average price is $353.59 and its 200-day moving average price is $363.86.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) 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 period last year, the firm posted $1.81 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. 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 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is presently 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.