The Sherwin-Williams Company (NYSE:SHW) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in The Sherwin-Williams Company (NYSE:SHWFree Report) by 51.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 158,242 shares of the specialty chemicals company’s stock after acquiring an additional 54,070 shares during the period. First Trust Advisors LP owned approximately 0.06% of Sherwin-Williams worth $49,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rafferty Asset Management LLC lifted its holdings in shares of Sherwin-Williams by 16.3% in the 4th quarter. Rafferty Asset Management LLC now owns 48,928 shares of the specialty chemicals company’s stock valued at $15,261,000 after buying an additional 6,874 shares during the period. NEOS Investment Management LLC boosted its position in shares of Sherwin-Williams by 33.7% during the 4th quarter. NEOS Investment Management LLC now owns 4,028 shares of the specialty chemicals company’s stock worth $1,256,000 after purchasing an additional 1,015 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $212,000. CWA Asset Management Group LLC increased its holdings in shares of Sherwin-Williams by 79.0% in the 4th quarter. CWA Asset Management Group LLC now owns 2,713 shares of the specialty chemicals company’s stock valued at $846,000 after purchasing an additional 1,197 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Sherwin-Williams by 11.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 848,525 shares of the specialty chemicals company’s stock valued at $264,655,000 after acquiring an additional 89,611 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $291.95 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The company has a market cap of $74.02 billion, a PE ratio of 31.12, a P/E/G ratio of 2.44 and a beta of 1.17. The company’s fifty day simple moving average is $312.33 and its 200-day simple moving average is $311.41. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last released 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 net margin of 10.52% and a return on equity of 73.74%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid 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 is currently 30.49%.

Insider Transactions at Sherwin-Williams

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SHW shares. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a research note on Tuesday, February 27th. Robert W. Baird increased their price target on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wolfe Research began coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $344.41.

Check Out Our Latest Stock Analysis 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.

See Also

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

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