Axa S.A. Has $141.98 Million Position in The Sherwin-Williams Company (NYSE:SHW)

AXA S.A. increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 95.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 417,663 shares of the specialty chemicals company's stock after purchasing an additional 203,812 shares during the period. AXA S.A. owned 0.17% of Sherwin-Williams worth $141,976,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at $36,000. WR Wealth Planners LLC lifted its position in Sherwin-Williams by 41.7% in the 4th 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 acquired a new position in Sherwin-Williams during the 4th quarter valued at about $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.2 %

Shares of NYSE:SHW traded down $0.80 during trading on Wednesday, reaching $351.72. 1,025,692 shares of the company traded hands, compared to its average volume of 1,761,829. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 firm has a market cap of $88.46 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The firm has a fifty day simple moving average of $342.15 and a 200 day simple moving average of $355.64.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred on 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SHW shares. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. UBS Group cut their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

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.