Tairen Capital Ltd Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Tairen Capital Ltd purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,000 shares of the specialty chemicals company’s stock, valued at approximately $4,419,000.

Several other hedge funds have also modified their holdings of SHW. Norges Bank acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock valued at $1,019,329,000 after buying an additional 960,724 shares during the period. Barclays PLC lifted its holdings in shares of Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after buying an additional 728,798 shares during the period. Raymond James Financial Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth $230,829,000. Finally, Northern Trust Corp raised its holdings in Sherwin-Williams by 28.0% during the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock worth $926,590,000 after purchasing an additional 595,586 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHW shares. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. UBS Group reduced their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 7th. Finally, Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $363.22 on Friday. The company has a market capitalization of $91.02 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25. 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 Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a fifty day moving average of $341.61 and a two-hundred day moving average of $355.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction 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 of the company’s stock, valued at $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 available at the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.