DJE Kapital AG Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

DJE Kapital AG acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,033 shares of the specialty chemicals company’s stock, valued at approximately $350,000.

Several other hedge funds have also bought and sold shares of SHW. FMR LLC lifted its position in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock valued at $162,987,000 after buying an additional 478,320 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after buying an additional 308,921 shares in the last quarter. Canoe Financial LP lifted its position in shares of Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after buying an additional 286,791 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Sherwin-Williams by 47.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after purchasing an additional 278,242 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $356.49 on Tuesday. The business has a 50-day moving average of $351.49 and a 200 day moving average of $365.86. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market capitalization of $89.66 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the business posted $1.81 earnings per share. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $403.31.

Insider Activity

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 completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.