Verition Fund Management LLC increased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 60.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,891 shares of the specialty chemicals company’s stock after acquiring an additional 1,094 shares during the period. Verition Fund Management LLC’s holdings in Sherwin-Williams were worth $1,185,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Janus Henderson Group PLC lifted its stake in Sherwin-Williams by 27.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $87,798,000. Fred Alger Management Inc. raised its position in Sherwin-Williams by 57.3% in the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after purchasing an additional 233,329 shares in the last quarter. Alliancebernstein L.P. raised its position in Sherwin-Williams by 87.6% in the 4th quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock valued at $171,361,000 after purchasing an additional 195,137 shares in the last quarter. Finally, Milestone Resources Group Ltd acquired a new stake in Sherwin-Williams in the 4th quarter valued at about $73,042,000. 74.97% of the stock is currently owned by hedge funds and other institutional investors.
SHW has been the topic of a number of analyst reports. Moffett Nathanson initiated coverage on Sherwin-Williams in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $455.00 price target on shares of Sherwin-Williams in a research report on Thursday, December 14th. Raymond James Financial initiated coverage on Sherwin-Williams in a research report on Tuesday, December 19th. They issued a “strong-buy” rating and a $496.00 price target on the stock. Deutsche Bank initiated coverage on Sherwin-Williams in a research report on Friday, December 22nd. They issued a “hold” rating and a $420.00 price target on the stock. Finally, Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $436.20.
Sherwin-Williams Co (NYSE:SHW) opened at $409.03 on Friday. Sherwin-Williams Co has a 1-year low of $305.70 and a 1-year high of $435.15. The company has a market capitalization of $38,562.83, a PE ratio of 21.98, a PEG ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the company posted $2.15 EPS. The company’s revenue was up 43.0% compared to the same quarter last year. sell-side analysts forecast that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a $0.86 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio is presently 18.48%.
In other news, insider Peter J. Ippolito sold 750 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total value of $306,945.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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