Schroder Investment Management Group Acquires 74,994 Shares of The Sherwin-Williams Company (NYSE:SHW)

Schroder Investment Management Group lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 683,602 shares of the specialty chemicals company’s stock after purchasing an additional 74,994 shares during the period. Schroder Investment Management Group owned about 0.27% of Sherwin-Williams worth $232,377,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in Sherwin-Williams during the 4th quarter worth approximately $28,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the 3rd quarter worth approximately $32,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $36,000. Finally, True Wealth Design LLC grew its holdings in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SHW shares. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Down 1.7 %

SHW stock opened at $339.77 on Friday. The company has a market cap of $85.46 billion, a price-to-earnings ratio of 32.21, 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. The business’s 50-day moving average is $353.59 and its two-hundred day moving average is $363.86. 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) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.93%. Sherwin-Williams’s payout ratio 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.