450 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Allianz SE

Allianz SE purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 450 shares of the specialty chemicals company’s stock, valued at approximately $152,000.

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

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. Mizuho dropped their price objective 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. 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 research note on Tuesday, January 28th. Royal Bank of Canada lowered their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Citigroup reissued a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $349.35 on Tuesday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm’s 50-day simple moving average is $353.50 and its two-hundred day simple moving average is $363.63. The firm has a market cap of $87.87 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results 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 net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the firm posted $1.81 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the 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 completion of the transaction, the insider now owns 5,365 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently 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.