Schroder Investment Management Group Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Schroder Investment Management Group boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 683,602 shares of the specialty chemicals company’s stock after purchasing an additional 74,994 shares during the quarter. Schroder Investment Management Group’s holdings in Sherwin-Williams were worth $232,377,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth $28,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter valued at $32,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $36,000. Finally, True Wealth Design LLC lifted its stake in Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 1.7 %

Shares of NYSE SHW opened at $339.77 on Friday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market cap of $85.46 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.98 and a beta of 1.23. The business’s 50 day moving average price is $353.59 and its 200-day moving average price is $363.86.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 period last year, the business earned $1.81 EPS. On average, sell-side analysts expect 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 was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the topic of several research reports. 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 report on Monday, February 3rd. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Citigroup reissued a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Insiders Place Their Bets

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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.