Mufg Securities Americas Inc. Buys New Position in The Sherwin-Williams Company (NYSE:SHW)

Mufg Securities Americas Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,421 shares of the specialty chemicals company's stock, valued at approximately $1,163,000.

A number of other institutional investors have also bought and sold shares of the company. Voleon Capital Management LP bought a new stake in Sherwin-Williams in the 4th quarter valued at about $2,011,000. Merit Financial Group LLC raised its position in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 523 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares in the last quarter. Burney Co. grew its position in Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after purchasing an additional 766 shares during the period. Finally, Kerusso Capital Management LLC increased its stake in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHW. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group dropped their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

NYSE SHW traded up $1.77 on Friday, hitting $363.22. 892,926 shares of the stock traded hands, compared to its average volume of 1,764,457. 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 fifty day moving average is $341.61 and its two-hundred day moving average is $355.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm has a market capitalization of $91.02 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share 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 company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the firm posted $2.17 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Sherwin-Williams 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.