FIL Ltd Has $59.36 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

FIL Ltd lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,620 shares of the specialty chemicals company’s stock after acquiring an additional 52,227 shares during the quarter. FIL Ltd owned about 0.07% of Sherwin-Williams worth $59,359,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SHW. Legacy Capital Wealth Partners LLC raised its holdings in shares of Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC boosted its position in shares of Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares during the period. IMS Capital Management raised its stake in Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in Sherwin-Williams by 7.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 31 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $393.31.

Sherwin-Williams Price Performance

SHW stock opened at $336.69 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The stock has a market capitalization of $84.68 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company’s 50-day moving average is $348.45 and its 200-day moving average is $361.03.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the business posted $1.81 earnings per share. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

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.