Amica Mutual Insurance Co. Has $4.14 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Amica Mutual Insurance Co. cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,281 shares of the specialty chemicals company's stock after selling 5,228 shares during the quarter. Amica Mutual Insurance Co.'s holdings in Sherwin-Williams were worth $4,142,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC raised its stake in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company's stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in Sherwin-Williams in the 4th quarter valued at approximately $432,737,000. International Assets Investment Management LLC boosted its position in Sherwin-Williams by 2,853.9% during the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company's stock worth $202,793,000 after acquiring an additional 628,175 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Sherwin-Williams by 188.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company's stock worth $193,561,000 after acquiring an additional 495,668 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Sherwin-Williams by 49.7% in the third quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company's stock valued at $251,456,000 after purchasing an additional 327,372 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. BMO Capital Markets restated an "outperform" rating and set a $377.00 target price (down previously from $385.00) on shares of Sherwin-Williams in a report on Wednesday, April 24th. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday. Evercore ISI decreased their price target on Sherwin-Williams from $385.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada dropped their price objective on Sherwin-Williams from $380.00 to $370.00 and set an "outperform" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $341.39.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $0.36 during midday trading on Monday, reaching $306.09. The company's stock had a trading volume of 1,645,191 shares, compared to its average volume of 1,471,010. The company has a market cap of $77.89 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.46 and a beta of 1.15. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The business's 50 day moving average price is $327.99 and its two-hundred day moving average price is $300.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts' consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. On average, analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams's payout ratio is presently 30.49%.

Insider Activity

In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the insider now directly owns 9,329 shares of the company's stock, valued at $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Todd D. Rea sold 2,449 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares of the company's stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Profile

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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