717 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Baldwin Investment Management LLC

Baldwin Investment Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHWFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 717 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth about $1,176,356,000. FMR LLC increased its stake in shares of Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $432,737,000. Capital World Investors lifted its stake in shares of Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Sherwin-Williams by 2,853.9% in the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after buying an additional 628,175 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $291.95 on Friday. The company has a market cap of $74.02 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.17. The company has a 50-day moving average price of $312.33 and a 200-day moving average price of $311.41. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.98%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SHW shares. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their target price for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 25th. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Check Out Our Latest Research Report on SHW

Sherwin-Williams Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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