The Sherwin-Williams Company (NYSE:SHW) Position Lowered by Sei Investments Co.

Sei Investments Co. decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,972 shares of the specialty chemicals company’s stock after selling 2,757 shares during the period. Sei Investments Co. owned about 0.06% of Sherwin-Williams worth $43,969,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in Sherwin-Williams in the fourth quarter worth about $1,176,356,000. FMR LLC lifted its holdings in 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 acquiring an additional 2,146,102 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Sherwin-Williams in the fourth quarter worth about $432,737,000. Capital World Investors lifted its holdings in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Sherwin-Williams by 2,853.9% in the fourth 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. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.4 %

Shares of NYSE:SHW opened at $293.11 on Tuesday. The stock has a market capitalization of $74.32 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.35 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The company has a 50 day moving average price of $311.44 and a 200 day moving average price of $312.07.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its earnings results 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). The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

SHW has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target 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. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets restated an “outperform” rating and issued a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Finally, KeyCorp upgraded 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 research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $344.41.

Read Our Latest Analysis on Sherwin-Williams

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.

See Also

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.