AIA Group Ltd Has $5.75 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

AIA Group Ltd reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 15.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,921 shares of the specialty chemicals company’s stock after selling 2,982 shares during the period. AIA Group Ltd’s holdings in Sherwin-Williams were worth $5,752,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams during the fourth quarter worth approximately $28,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the third quarter worth approximately $32,000. Sierra Ocean LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $36,000. Finally, True Wealth Design LLC grew its position in shares of Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Citigroup restated a “buy” rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $401.13.

Sherwin-Williams Trading Down 1.7 %

SHW opened at $339.77 on Monday. The company has a market cap of $85.46 billion, a P/E ratio of 32.21, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company’s 50 day moving average is $353.59 and its 200-day moving average is $363.80. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the company earned $1.81 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

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.