Mizuho Markets Americas LLC increased its position in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 8,275.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,432 shares of the specialty chemicals company’s stock after acquiring an additional 68,603 shares during the period. Mizuho Markets Americas LLC’s holdings in Sherwin-Williams were worth $22,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Viking Global Investors LP raised its stake in Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Vanguard Group Inc. raised its stake in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after acquiring an additional 600,119 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Sherwin-Williams by 424.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after acquiring an additional 443,119 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Sherwin-Williams in the 3rd quarter worth $104,826,000. Finally, PBCay One RSC Ltd purchased a new position in Sherwin-Williams in the 4th quarter worth $92,275,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Up 0.1%
Shares of SHW opened at $309.71 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The Sherwin-Williams Company has a 12 month low of $294.32 and a 12 month high of $379.65. The stock’s 50 day moving average is $320.65 and its two-hundred day moving average is $335.39. The firm has a market cap of $76.39 billion, a P/E ratio of 29.72, a PEG ratio of 2.68 and a beta of 1.16.
Sherwin-Williams Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.71%.
Insider Buying and Selling
In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
Analyst Upgrades and Downgrades
SHW has been the subject of a number of research analyst reports. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. UBS Group reduced their target price on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Citigroup reduced their price objective on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $375.33.
Read Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Company 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.
Featured Stories
- Five stocks we like better than Sherwin-Williams
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.
