Wellington Management Group LLP Purchases 18,291 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wellington Management Group LLP boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 802,767 shares of the specialty chemicals company's stock after buying an additional 18,291 shares during the quarter. Wellington Management Group LLP owned about 0.32% of Sherwin-Williams worth $272,885,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Sherwin-Williams by 11.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 43,139 shares of the specialty chemicals company's stock valued at $14,664,000 after acquiring an additional 4,340 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $136,000. RWA Wealth Partners LLC boosted its holdings in shares of Sherwin-Williams by 7.8% during the 4th quarter. RWA Wealth Partners LLC now owns 3,224 shares of the specialty chemicals company's stock worth $1,096,000 after buying an additional 233 shares during the period. Schroder Investment Management Group grew its stake in Sherwin-Williams by 12.3% in the 4th quarter. Schroder Investment Management Group now owns 683,602 shares of the specialty chemicals company's stock valued at $232,377,000 after buying an additional 74,994 shares during the last quarter. Finally, Allianz SE bought a new position in Sherwin-Williams in the 4th quarter worth $152,000. 77.67% of the stock is currently owned by institutional investors.

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Sherwin-Williams Price Performance

Shares of SHW stock traded down $8.74 during trading hours on Friday, hitting $331.91. 4,337,001 shares of the company's stock were exchanged, compared to its average volume of 1,748,173. The stock's 50-day moving average is $352.24 and its 200-day moving average is $362.90. The stock has a market cap of $83.48 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. 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 52 week low of $282.09 and a 52 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, beating the consensus estimate 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 firm earned $1.81 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. 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. Sherwin-Williams's payout ratio is currently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction 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 directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SHW shares. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Thursday. Citigroup reissued a "buy" rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.94.

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.