Raiffeisen Bank International AG Takes $1.71 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Raiffeisen Bank International AG acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,040 shares of the specialty chemicals company's stock, valued at approximately $1,707,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $36,000. WR Wealth Planners LLC boosted its holdings in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. UBS Group reduced their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Stock Down 0.8%

Shares of Sherwin-Williams stock traded down $2.98 during midday trading on Tuesday, hitting $359.02. The company's stock had a trading volume of 1,949,577 shares, compared to its average volume of 1,766,150. The firm has a market capitalization of $89.97 billion, a P/E ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. The stock has a 50-day simple moving average of $341.84 and a 200-day simple moving average of $355.17. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams's payout ratio is presently 29.87%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.