Man Group plc lifted its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 1,196.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,258 shares of the specialty chemicals company’s stock after purchasing an additional 350,929 shares during the period. Man Group plc’s holdings in Sherwin-Williams were worth $123,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth $30,000. Lodestone Wealth Management LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $31,000. Finally, Rossby Financial LCC raised its position in Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 48 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Price Performance
Sherwin-Williams stock opened at $313.08 on Thursday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The firm has a market capitalization of $77.22 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.78 and a beta of 1.12. The company has a fifty day simple moving average of $317.22 and a 200-day simple moving average of $331.54. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is presently 30.71%.
Wall Street Analysts Forecast Growth
SHW has been the subject of a number of research analyst reports. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup initiated coverage on shares of Sherwin-Williams in a research report on Thursday, June 4th. They set a “buy” rating and a $355.00 price objective for the company. Weiss Ratings cut shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $366.77.
View Our Latest Analysis on SHW
Sherwin-Williams Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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