Seascape Capital Management grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 804.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,065 shares of the specialty chemicals company's stock after buying an additional 9,842 shares during the quarter. Sherwin-Williams accounts for approximately 1.5% of Seascape Capital Management's portfolio, making the stock its 22nd biggest position. Seascape Capital Management's holdings in Sherwin-Williams were worth $3,451,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company's stock valued at $12,132,000 after buying an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $38,444,000. Machina Capital S.A.S. lifted its stake in Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company's stock worth $2,473,000 after purchasing an additional 5,801 shares during the last quarter. Pearl River Capital LLC purchased a new stake in Sherwin-Williams during the third quarter worth approximately $4,517,000. Finally, Trust Point Inc. purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $403,000. Hedge funds and other institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
NYSE:SHW traded down $1.67 during trading hours on Friday, hitting $318.25. The company's stock had a trading volume of 1,266,813 shares, compared to its average volume of 1,396,846. The business's 50-day moving average is $328.49 and its two-hundred day moving average is $295.43. The company has a market capitalization of $80.98 billion, a PE ratio of 34.41, a PEG ratio of 2.38 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams's revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.
Sherwin-Williams Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were given a $0.715 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.61. The ex-dividend date was Friday, February 23rd. This represents a $2.86 annualized dividend and a yield of 0.90%. Sherwin-Williams's dividend payout ratio is presently 30.92%.
Analyst Upgrades and Downgrades
SHW has been the subject of several recent analyst reports. Citigroup boosted their target price on Sherwin-Williams from $360.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday. Evercore ISI boosted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Robert W. Baird reaffirmed a "neutral" rating and set a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Argus boosted their price objective on Sherwin-Williams from $330.00 to $378.00 and gave the company a "buy" rating in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $285.00 to $317.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $326.50.
Get Our Latest Analysis on Sherwin-Williams
Insiders Place Their Bets
In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,029,710.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by corporate insiders.
About Sherwin-Williams
(
Free Report)
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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