UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 111,128 Shares of The Sherwin-Williams Company (NYSE:SHW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,826,498 shares of the specialty chemicals company's stock after buying an additional 111,128 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Sherwin-Williams worth $620,881,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Price Performance

NYSE:SHW traded down $0.16 during mid-day trading on Friday, reaching $352.78. 1,018,253 shares of the company were exchanged, compared to its average volume of 1,761,515. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a fifty day moving average of $342.98 and a 200 day moving average of $354.87. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $88.41 billion, a PE ratio of 33.44, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm earned $2.17 EPS. The company's revenue was down 1.1% on a year-over-year basis. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business 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 dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm'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 owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.