Treasurer of the State of North Carolina Buys 910 Shares of The Sherwin-Williams Company (NYSE:SHW)

Treasurer of the State of North Carolina lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,434 shares of the specialty chemicals company's stock after buying an additional 910 shares during the quarter. Treasurer of the State of North Carolina's holdings in Sherwin-Williams were worth $35,160,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $36,000. WR Wealth Planners LLC raised its position in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW stock traded down $1.57 during trading hours on Wednesday, reaching $335.31. 373,864 shares of the stock traded hands, compared to its average volume of 1,776,061. The business has a fifty day moving average price of $346.45 and a 200 day moving average price of $359.75. 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 $84.33 billion, a PE ratio of 31.78, a PEG ratio of 2.98 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 quarter last year, the business posted $1.81 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio is 29.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday. Finally, Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus target price of $392.50.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the business'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 transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

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.