Banque Transatlantique SA Buys New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Banque Transatlantique SA acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,073 shares of the specialty chemicals company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $36,000. WR Wealth Planners LLC lifted its position in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SHW. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Price Performance

SHW stock traded down $0.80 during midday trading on Wednesday, hitting $351.72. 1,025,875 shares of the stock were exchanged, compared to its average volume of 1,761,595. The stock's 50-day moving average price is $342.15 and its 200-day moving average price is $355.64. 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 stock has a market cap of $88.46 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 2.98 and a beta of 1.24. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the company posted $2.17 EPS. The business's revenue was down 1.1% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is 29.87%.

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.