NumerixS Investment Technologies Inc trimmed its position in shares of Sherwin-Williams Co (NYSE:SHW) by 85.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 600 shares of the specialty chemicals company’s stock after selling 3,500 shares during the period. NumerixS Investment Technologies Inc’s holdings in Sherwin-Williams were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in Sherwin-Williams by 2.9% during the third quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock valued at $203,160,000 after buying an additional 12,747 shares in the last quarter. Carroll Financial Associates Inc. raised its holdings in Sherwin-Williams by 4.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 27 shares in the last quarter. Dupont Capital Management Corp raised its holdings in Sherwin-Williams by 37.1% during the fourth quarter. Dupont Capital Management Corp now owns 18,172 shares of the specialty chemicals company’s stock valued at $7,150,000 after buying an additional 4,913 shares in the last quarter. CAPROCK Group Inc. raised its holdings in Sherwin-Williams by 13.5% during the fourth quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock valued at $663,000 after buying an additional 201 shares in the last quarter. Finally, Trust Co. of Oklahoma raised its holdings in Sherwin-Williams by 7.3% during the fourth quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock valued at $510,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Get Sherwin-Williams alerts:SHW stock opened at $416.97 on Monday. Sherwin-Williams Co has a twelve month low of $355.28 and a twelve month high of $479.64. The stock has a market cap of $41.18 billion, a P/E ratio of 22.50, a PEG ratio of 1.69 and a beta of 1.29. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $3.16 earnings per share. On average, sell-side analysts predict that Sherwin-Williams Co will post 21.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were given a dividend of $1.13 per share. The ex-dividend date was Friday, February 22nd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.86. This represents a $4.52 dividend on an annualized basis and a yield of 1.08%. Sherwin-Williams’s dividend payout ratio (DPR) is 18.56%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. JPMorgan Chase & Co. raised Sherwin-Williams from a “neutral” rating to an “overweight” rating and raised their price target for the company from $380.00 to $415.00 in a research report on Monday, December 17th. KeyCorp lowered their price target on Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 16th. Barclays reaffirmed a “hold” rating and issued a $440.00 price target on shares of Sherwin-Williams in a research report on Sunday, February 3rd. Finally, Wells Fargo & Co raised Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price target on the stock in a research report on Monday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Sherwin-Williams presently has a consensus rating of “Buy” and an average target price of $461.75.
In related news, insider Joel D. Baxter sold 7,621 shares of Sherwin-Williams stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the sale, the insider now directly owns 10,308 shares of the company’s stock, valued at $4,526,758.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jane M. Cronin sold 1,344 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total value of $593,026.56. Following the sale, the senior vice president now directly owns 4,078 shares in the company, valued at $1,799,376.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,839 shares of company stock worth $5,186,817. 0.78% of the stock is owned by company insiders.
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About Sherwin-Williams
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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