Lindbrook Capital LLC Acquires 391 Shares of The Sherwin-Williams Company (NYSE:SHW)

Lindbrook Capital LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 90.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824 shares of the specialty chemicals company’s stock after buying an additional 391 shares during the period. Lindbrook Capital LLC’s holdings in Sherwin-Williams were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after purchasing an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Sherwin-Williams during the 4th quarter valued at $38,444,000. Machina Capital S.A.S. boosted its holdings in Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after purchasing an additional 5,801 shares during the period. AIA Group Ltd grew its position in Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $4,517,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Citigroup boosted their price target on Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Royal Bank of Canada lowered their price objective on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $325.94.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 1.1 %

SHW opened at $309.26 on Tuesday. The firm has a 50 day simple moving average of $328.50 and a 200 day simple moving average of $298.39. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a market cap of $78.69 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s dividend payout ratio is 30.92%.

Sherwin-Williams Company 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.