The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,430 shares of the specialty chemicals company's stock after acquiring an additional 711 shares during the period. Vident Advisory LLC's holdings in Sherwin-Williams were worth $7,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voleon Capital Management LP acquired a new stake in Sherwin-Williams during the 4th quarter worth about $2,011,000. Merit Financial Group LLC increased its position in Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after buying an additional 523 shares during the period. Kerusso Capital Management LLC increased its position in Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after buying an additional 4,439 shares during the period. Strategic Financial Concepts LLC bought a new position in Sherwin-Williams in the 4th quarter worth approximately $169,000. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Sherwin-Williams by 58.5% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 3,307 shares of the specialty chemicals company's stock valued at $1,124,000 after purchasing an additional 1,220 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SHW. 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 report on Monday, March 10th. Citigroup lowered their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Finally, Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $397.00.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $361.92 on Tuesday. The firm has a market capitalization of $90.70 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.98 and a beta of 1.25. 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 50 day moving average price of $341.84 and a two-hundred day moving average price of $355.17. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

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, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.17 earnings per share. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

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.

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