Northern Trust Corp Has $926.59 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Northern Trust Corp increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,725,827 shares of the specialty chemicals company's stock after acquiring an additional 595,586 shares during the quarter. Northern Trust Corp owned about 1.08% of Sherwin-Williams worth $926,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SHW. Vanguard Group Inc. raised its stake in Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock worth $7,422,932,000 after buying an additional 138,170 shares in the last quarter. FMR LLC increased its stake in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after purchasing an additional 106,093 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after acquiring an additional 96,571 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after purchasing an additional 86,268 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $6.10 during trading hours on Friday, hitting $359.74. The stock had a trading volume of 1,398,615 shares, compared to its average volume of 1,768,047. The stock's 50 day moving average is $342.09 and its 200 day moving average is $356.52. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market capitalization of $90.48 billion, a PE ratio of 34.10, a PEG ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (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 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 last year, the business earned $2.17 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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 paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.95%.

Analyst Ratings Changes

SHW has been the topic of a number of recent analyst reports. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Citigroup decreased their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada increased their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Barclays cut their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Five research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.