AIA Group Ltd Has $9.68 Million Position in The Sherwin-Williams Company $SHW

AIA Group Ltd increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 32.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,951 shares of the specialty chemicals company’s stock after purchasing an additional 6,821 shares during the period. AIA Group Ltd’s holdings in Sherwin-Williams were worth $9,678,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased its stake in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares during the period. Rossby Financial LCC lifted its stake in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams during the second quarter valued at $36,000. True Wealth Design LLC boosted its holdings in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Sherwin-Williams in the third quarter worth about $42,000. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SHW shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Friday, January 30th. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $388.21.

Insiders Place Their Bets

In other news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $312.28 on Thursday. The company has a market capitalization of $77.24 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.78 and a beta of 1.25. The firm’s 50 day simple moving average is $351.13 and its 200 day simple moving average is $343.37. 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 fifty-two week low of $308.84 and a fifty-two week high of $379.65.

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

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a $0.80 dividend. 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. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

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.