The Sherwin-Williams Company $SHW Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 148.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,254 shares of the specialty chemicals company’s stock after acquiring an additional 15,693 shares during the period. Addenda Capital Inc.’s holdings in Sherwin-Williams were worth $8,507,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHW. Brighton Jones LLC lifted its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. Empowered Funds LLC lifted its position in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after buying an additional 626 shares in the last quarter. First Trust Advisors LP lifted its position in Sherwin-Williams by 4.6% during the second quarter. First Trust Advisors LP now owns 69,288 shares of the specialty chemicals company’s stock valued at $23,791,000 after buying an additional 3,076 shares in the last quarter. Jump Financial LLC acquired a new position in Sherwin-Williams during the second quarter valued at approximately $1,210,000. Finally, Gamco Investors INC. ET AL lifted its position in Sherwin-Williams by 0.7% during the second quarter. Gamco Investors INC. ET AL now owns 8,669 shares of the specialty chemicals company’s stock valued at $2,977,000 after buying an additional 57 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada reduced their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Finally, Mizuho reduced their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $383.23.

Sherwin-Williams Trading Up 6.9%

SHW opened at $335.72 on Thursday. The stock has a market capitalization of $83.04 billion, a PE ratio of 32.69, a P/E/G ratio of 2.75 and a beta of 1.27. The firm’s fifty day moving average price is $340.76 and its 200 day moving average price is $338.85. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a 12-month low of $301.58 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, March 2nd. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.