Holderness Investments Co. Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Holderness Investments Co. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 42.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,066 shares of the specialty chemicals company’s stock after buying an additional 1,501 shares during the period. Holderness Investments Co.’s holdings in Sherwin-Williams were worth $1,722,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC grew its position in shares of Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after purchasing an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd grew its position in shares of Sherwin-Williams by 5.6% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock valued at $738,261,000 after purchasing an additional 114,591 shares during the period. Bank of New York Mellon Corp grew its position in shares of Sherwin-Williams by 12.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock valued at $586,293,000 after purchasing an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sherwin-Williams by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company’s stock valued at $500,402,000 after purchasing an additional 50,983 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.3 %

Shares of SHW opened at $336.01 on Friday. The stock’s 50-day moving average is $353.88 and its two-hundred day moving average is $364.83. The stock has a market cap of $84.51 billion, a PE ratio of 31.85, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm earned $1.81 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s payout ratio is 29.95%.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Citigroup reissued a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $401.13.

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.