The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by UBS Group AG

UBS Group AG grew its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 6.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,104,605 shares of the specialty chemicals company’s stock after purchasing an additional 63,577 shares during the period. UBS Group AG’s holdings in Sherwin-Williams were worth $344,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its position in shares of Sherwin-Williams by 14.5% during the 3rd quarter. Allworth Financial LP now owns 1,615 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 204 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Sherwin-Williams by 6.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,347 shares of the specialty chemicals company’s stock worth $5,190,000 after purchasing an additional 1,295 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $25,000. Duality Advisers LP acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $299,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $294,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the business’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 of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the business’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 of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. UBS Group raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Barclays lifted their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Mizuho dropped their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.56.

View Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Stock Down 0.5 %

SHW stock traded down $1.62 during trading on Friday, hitting $312.40. 968,562 shares of the company’s stock were exchanged, compared to its average volume of 1,777,130. The business has a 50-day moving average price of $323.55 and a two-hundred day moving average price of $307.38. The stock has a market capitalization of $79.21 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.51 and a beta of 1.18. The Sherwin-Williams Company has a 52-week low of $223.28 and a 52-week 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm posted $2.04 EPS. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid 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 dividend payout ratio is currently 30.49%.

Sherwin-Williams Company 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.

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

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