Rockefeller Capital Management L.P. Has $25.29 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Rockefeller Capital Management L.P. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,398 shares of the specialty chemicals company’s stock after buying an additional 4,852 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sherwin-Williams were worth $25,291,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at $36,000. WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth $41,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut 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, April 9th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. UBS Group lowered their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, Mizuho reduced their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Six investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $393.31.

Sherwin-Williams Price Performance

SHW stock opened at $337.11 on Monday. The company has a market capitalization of $84.79 billion, a P/E ratio of 31.95, a PEG ratio of 2.98 and a beta of 1.26. The company has a fifty day moving average price of $347.47 and a 200-day moving average price of $360.20. 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 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $1.81 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

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

Sherwin-Williams Company 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.