Russell Investments Group Ltd. Has $125.31 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Russell Investments Group Ltd. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 401,419 shares of the specialty chemicals company’s stock after purchasing an additional 25,696 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sherwin-Williams were worth $125,307,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after acquiring an additional 2,146,102 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $432,737,000. International Assets Investment Management LLC increased its holdings in shares of Sherwin-Williams by 2,853.9% during 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 acquiring an additional 628,175 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Sherwin-Williams by 188.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock worth $193,561,000 after acquiring an additional 495,668 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 49.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock worth $251,456,000 after acquiring an additional 327,372 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW traded up $1.64 on Friday, reaching $306.45. The stock had a trading volume of 1,820,261 shares, compared to its average volume of 1,484,751. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm has a 50-day moving average of $328.05 and a 200-day moving average of $299.19. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the company earned $2.04 EPS. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.41 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Activity

In other news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SHW shares. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Evercore ISI reduced their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. KeyCorp upgraded Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $337.37.

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.