Vise Technologies Inc. Purchases 927 Shares of The Sherwin-Williams Company (NYSE:SHW)

Vise Technologies Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,127 shares of the specialty chemicals company's stock after purchasing an additional 927 shares during the quarter. Vise Technologies Inc.'s holdings in Sherwin-Williams were worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SHW. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $1,359,747,000. Capital Research Global Investors raised its stake in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares during the last quarter. Barclays PLC raised its stake in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after acquiring an additional 728,798 shares during the last quarter. Raymond James Financial Inc. bought a new position in Sherwin-Williams in the 4th quarter worth approximately $230,829,000. Finally, Northern Trust Corp raised its position in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after purchasing an additional 595,586 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SHW shares. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $0.26 during mid-day trading on Thursday, reaching $354.99. The company had a trading volume of 200,962 shares, compared to its average volume of 1,775,652. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a market cap of $88.96 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.98 and a beta of 1.25. The business has a fifty day simple moving average of $344.22 and a 200 day simple moving average of $354.28.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.17 earnings per share. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

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.