Twin Capital Management Inc. Invests $2.40 Million in The Sherwin-Williams Company (NYSE:SHW)

Twin Capital Management Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,688 shares of the specialty chemicals company’s stock, valued at approximately $2,398,000.

A number of other institutional investors have also made changes to their positions in SHW. OFI Invest Asset Management acquired a new stake in Sherwin-Williams in the third quarter valued at $25,000. Union Savings Bank acquired a new stake in Sherwin-Williams in the third quarter valued at $28,000. Providence Capital Advisors LLC raised its holdings in Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 6,728 shares in the last quarter. Lee Financial Co bought a new stake in Sherwin-Williams during the third quarter valued at $32,000. Finally, BluePath Capital Management LLC bought a new stake in Sherwin-Williams during the third quarter valued at $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

SHW stock opened at $309.38 on Friday. The company has a market capitalization of $78.72 billion, a P/E ratio of 33.45, a PEG ratio of 2.46 and a beta of 1.15. The company has a 50-day simple moving average of $328.64 and a 200 day simple moving average of $297.00. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. In the last three months, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on SHW shares. Mizuho lowered their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.94.

About Sherwin-Williams

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.