Tema Etfs LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Tema Etfs LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,353 shares of the specialty chemicals company's stock, valued at approximately $800,000.

A number of other institutional investors also recently modified their holdings of SHW. Park Avenue Securities LLC raised its stake in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after acquiring an additional 2,303 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $856,000. Ritholtz Wealth Management raised its stake in shares of Sherwin-Williams by 0.7% in the fourth quarter. Ritholtz Wealth Management now owns 9,395 shares of the specialty chemicals company's stock worth $3,194,000 after acquiring an additional 67 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Sherwin-Williams by 0.9% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,492 shares of the specialty chemicals company's stock worth $5,946,000 after acquiring an additional 158 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after acquiring an additional 523 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Down 0.8%

SHW traded down $2.98 during trading hours on Tuesday, hitting $359.02. 1,949,577 shares of the company's stock were exchanged, compared to its average volume of 1,766,150. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock's 50-day moving average is $342.19 and its two-hundred day moving average is $355.20. The stock has a market cap of $89.97 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent research reports. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Barclays dropped 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 note on Tuesday, April 1st. Finally, UBS Group dropped their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Five investment 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $397.00.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction 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 completion of the sale, 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.

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.