SRN Advisors LLC Has $842,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

SRN Advisors LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,478 shares of the specialty chemicals company’s stock after selling 595 shares during the quarter. SRN Advisors LLC’s holdings in Sherwin-Williams were worth $842,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 32 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at $26,000. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth about $32,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth about $36,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHW shares. Citigroup reissued a “buy” rating and issued a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.76.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $359.62 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a market cap of $90.40 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.98 and a beta of 1.22. The business’s 50 day moving average is $350.65 and its two-hundred day moving average is $365.58. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $1.81 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

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.