USS Investment Management Ltd Has $17.41 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

USS Investment Management Ltd trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,209 shares of the specialty chemicals company's stock after selling 5,779 shares during the quarter. USS Investment Management Ltd's holdings in Sherwin-Williams were worth $17,406,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Legacy Capital Wealth Partners LLC increased its holdings in Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after acquiring an additional 30 shares during the period. IMS Capital Management increased its stake in shares of Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 30 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in shares of Sherwin-Williams by 2.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,338 shares of the specialty chemicals company's stock valued at $455,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHW. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Citigroup dropped their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Five 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's stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Stock Performance

Shares of SHW traded down $0.16 during mid-day trading on Friday, hitting $352.78. 1,018,253 shares of the company's stock were exchanged, compared to its average volume of 1,761,515. 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 Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock's 50-day simple moving average is $342.63 and its 200-day simple moving average is $355.05. The firm has a market cap of $88.41 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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. The firm had revenue of $5.31 billion for 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%. The company's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.17 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 yield of 0.90%. Sherwin-Williams's dividend payout ratio is 29.87%.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the business's 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 completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.