Unigestion Holding SA Purchases Shares of 2,400 The Sherwin-Williams Company (NYSE:SHW)

Unigestion Holding SA acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,400 shares of the specialty chemicals company's stock, valued at approximately $816,000.

Other hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC boosted its position in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after acquiring an additional 523 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. boosted its holdings in shares of Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after purchasing an additional 766 shares in the last quarter. Kerusso Capital Management LLC increased its stake in shares of Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Canoe Financial LP raised its holdings in shares of Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after buying an additional 286,791 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Barclays decreased their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $393.31.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the firm'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 transaction of $1,008,479.70. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Up 1.9 %

Shares of Sherwin-Williams stock traded up $6.36 during midday trading on Friday, reaching $336.27. The company had a trading volume of 1,132,142 shares, compared to its average volume of 1,776,741. The firm has a market cap of $84.58 billion, a PE ratio of 31.68, a P/E/G ratio of 2.98 and a beta of 1.26. The stock has a fifty day moving average price of $347.88 and a 200 day moving average price of $360.67. 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 Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $1.81 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is 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.