The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,689 shares of the specialty chemicals company’s stock after buying an additional 1,393 shares during the period. Twin Capital Management Inc.’s holdings in Sherwin-Williams were worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $36,000. WR Wealth Planners LLC raised its position in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter worth $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SHW shares. Wells Fargo & Company cut their price objective on Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays decreased their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley cut their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $398.94.

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 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $331.91 on Monday. 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 firm’s fifty day moving average price is $352.24 and its 200 day moving average price is $362.71. The company has a market capitalization 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month 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, beating 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 last year, the firm posted $1.81 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend 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 dividend 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.