OMERS ADMINISTRATION Corp Increases Stake in The Sherwin-Williams Company (NYSE:SHW)

OMERS ADMINISTRATION Corp lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,138 shares of the specialty chemicals company's stock after acquiring an additional 1,690 shares during the period. OMERS ADMINISTRATION Corp's holdings in Sherwin-Williams were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHW. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $9,416,000. Obermeyer Wealth Partners lifted its position in shares of Sherwin-Williams by 1,359.2% during the fourth quarter. Obermeyer Wealth Partners now owns 77,559 shares of the specialty chemicals company's stock worth $26,365,000 after purchasing an additional 72,244 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sherwin-Williams by 57.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,472 shares of the specialty chemicals company's stock valued at $13,078,000 after buying an additional 14,011 shares during the period. Gen Wealth Partners Inc lifted its holdings in Sherwin-Williams by 134.0% in the fourth quarter. Gen Wealth Partners Inc now owns 5,218 shares of the specialty chemicals company's stock valued at $1,774,000 after buying an additional 2,988 shares during the period. Finally, Graham Capital Management L.P. increased its stake in Sherwin-Williams by 288.9% in the fourth quarter. Graham Capital Management L.P. now owns 10,500 shares of the specialty chemicals company's stock valued at $3,569,000 after purchasing an additional 7,800 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.8%

Shares of SHW traded down $2.97 during trading hours on Monday, reaching $360.54. 361,471 shares of the company traded hands, compared to its average volume of 1,758,972. The firm has a market cap of $90.35 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month 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 stock's fifty day moving average price is $341.61 and its 200 day moving average price is $355.15.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during 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%. The company's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.17 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced 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. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Citigroup lowered their target price 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

Sherwin-Williams Company 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.