The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,631 shares of the specialty chemicals company’s stock after purchasing an additional 16,502 shares during the period. Sei Investments Co.’s holdings in Sherwin-Williams were worth $46,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SHW. American Century Companies Inc. boosted its stake in Sherwin-Williams by 42.8% during the fourth quarter. American Century Companies Inc. now owns 431,402 shares of the specialty chemicals company’s stock worth $146,646,000 after buying an additional 129,318 shares during the period. Mizuho Securities USA LLC boosted its position in shares of Sherwin-Williams by 45.9% during the 4th quarter. Mizuho Securities USA LLC now owns 21,960 shares of the specialty chemicals company’s stock worth $7,465,000 after purchasing an additional 6,911 shares during the period. Virtu Financial LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $871,000. Quantbot Technologies LP raised its position in Sherwin-Williams by 53.4% in the fourth quarter. Quantbot Technologies LP now owns 3,449 shares of the specialty chemicals company’s stock valued at $1,172,000 after purchasing an additional 1,201 shares during the period. Finally, Adams Natural Resources Fund Inc. lifted its stake in Sherwin-Williams by 3.6% during the fourth quarter. Adams Natural Resources Fund Inc. now owns 23,000 shares of the specialty chemicals company’s stock worth $7,818,000 after purchasing an additional 800 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup reaffirmed a “buy” rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Jefferies Financial Group reissued a “hold” rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Stock Up 2.5 %

Sherwin-Williams stock opened at $342.90 on Tuesday. The stock’s fifty day moving average is $354.10 and its two-hundred day moving average is $364.49. The stock has a market cap of $86.24 billion, a PE ratio of 32.50, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 earned $1.81 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

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.