The Sherwin-Williams Company (NYSE:SHW) is Xn LP’s 8th Largest Position

Xn LP boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,852 shares of the specialty chemicals company’s stock after buying an additional 10,956 shares during the quarter. Sherwin-Williams makes up about 5.1% of Xn LP’s holdings, making the stock its 8th largest position. Xn LP owned about 0.15% of Sherwin-Williams worth $129,803,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Sherwin-Williams by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after buying an additional 138,170 shares during the last quarter. FMR LLC lifted its position in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock worth $2,239,715,000 after acquiring an additional 106,093 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock worth $1,636,679,000 after acquiring an additional 96,571 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock worth $1,467,138,000 after acquiring an additional 86,268 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SHW shares. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $397.00.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $361.92 on Tuesday. 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 firm has a market capitalization of $90.70 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The business’s 50-day moving average price is $341.84 and its 200-day moving average price is $355.17. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.17 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

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.