The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,817 shares of the specialty chemicals company's stock after purchasing an additional 3,336 shares during the period. UniSuper Management Pty Ltd's holdings in Sherwin-Williams were worth $33,931,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SHW. JPMorgan Chase & Co. boosted its holdings in Sherwin-Williams by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company's stock worth $690,796,000 after buying an additional 451,505 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Sherwin-Williams by 79.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company's stock worth $219,945,000 after acquiring an additional 289,450 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Sherwin-Williams by 5.7% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,891 shares of the specialty chemicals company's stock worth $6,082,000 after acquiring an additional 963 shares during the period. Prestige Wealth Management Group LLC increased its position in shares of Sherwin-Williams by 7.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,061 shares of the specialty chemicals company's stock valued at $361,000 after buying an additional 69 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in shares of Sherwin-Williams by 17.3% during the 4th quarter. Zions Bancorporation N.A. now owns 13,766 shares of the specialty chemicals company's stock worth $4,679,000 after buying an additional 2,026 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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Sherwin-Williams Trading Up 1.3 %

SHW stock traded up $4.29 on Monday, hitting $344.04. 563,589 shares of the company were exchanged, compared to its average volume of 1,725,710. 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 $86.53 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The business's fifty day moving average is $353.59 and its two-hundred day moving average is $363.80.

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

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. 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 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's payout ratio is currently 29.95%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SHW shares. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup reaffirmed a "buy" rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Morgan Stanley cut their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $401.13.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

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.