Deutsche Bank AG Has $344.34 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Deutsche Bank AG lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,012,967 shares of the specialty chemicals company's stock after selling 60,048 shares during the period. Deutsche Bank AG owned about 0.40% of Sherwin-Williams worth $344,338,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,359,747,000. Capital Research Global Investors boosted its stake in shares of Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC raised its stake in shares of Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after buying an additional 728,798 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $230,829,000. Finally, Northern Trust Corp boosted its stake in shares of Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after acquiring an additional 595,586 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SHW. UBS Group decreased their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $397.00.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were 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 owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $3.28 during midday trading on Wednesday, reaching $352.76. The company's stock had a trading volume of 444,109 shares, compared to its average volume of 1,760,634. The company has a market cap of $88.40 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a 50 day moving average price of $341.61 and a 200 day moving average price of $355.25. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm posted $2.17 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

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.