State of Wisconsin Investment Board lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 95,436 shares of the specialty chemicals company’s stock after purchasing an additional 269 shares during the period. State of Wisconsin Investment Board’s holdings in Sherwin-Williams were worth $39,133,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SHW. USA Mutuals Advisors Inc. bought a new position in Sherwin-Williams in the fourth quarter worth about $106,000. Spectrum Management Group Inc. bought a new position in Sherwin-Williams in the third quarter worth about $162,000. BTIM Corp. bought a new position in Sherwin-Williams in the fourth quarter worth about $202,000. Chemung Canal Trust Co. bought a new position in Sherwin-Williams in the fourth quarter worth about $204,000. Finally, New England Research & Management Inc. bought a new position in Sherwin-Williams in the fourth quarter worth about $205,000. Institutional investors own 76.06% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Susquehanna Bancshares reissued a “positive” rating and issued a $483.00 price target (down from $511.00) on shares of Sherwin-Williams in a research note on Tuesday, February 13th. Barclays reissued a “hold” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. Seaport Global Securities raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Sherwin-Williams currently has an average rating of “Buy” and an average target price of $436.20.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $2.15 EPS. Sherwin-Williams’s revenue for the quarter was up 43.0% on a year-over-year basis. equities research analysts expect that Sherwin-Williams Co will post 19.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.86 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. The ex-dividend date is Friday, February 23rd. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 18.27%.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now directly owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 in the last ninety days. Insiders own 1.69% of the company’s stock.
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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