Twin Capital Management Inc. Has $3.29 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Twin Capital Management Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,689 shares of the specialty chemicals company’s stock after purchasing an additional 1,393 shares during the quarter. Twin Capital Management Inc.’s holdings in Sherwin-Williams were worth $3,294,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $36,000. WR Wealth Planners LLC grew its holdings 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 buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth approximately $41,000. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research note on Friday, January 31st. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $398.94.

Sherwin-Williams Price Performance

Shares of SHW opened at $331.91 on Monday. 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 firm has a market capitalization of $83.48 billion, a PE ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The stock has a 50 day simple moving average of $352.24 and a 200 day simple moving average of $362.71. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the company posted $1.81 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is 29.95%.

About Sherwin-Williams

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.