UniSuper Management Pty Ltd Buys 3,336 Shares of The Sherwin-Williams Company (NYSE:SHW)

UniSuper Management Pty Ltd raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 99,817 shares of the specialty chemicals company’s stock after acquiring an additional 3,336 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Sherwin-Williams were worth $33,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Raymond James Financial Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth $230,829,000. Proficio Capital Partners LLC increased its stake in shares of Sherwin-Williams by 41,520.8% during the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after purchasing an additional 478,320 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sherwin-Williams by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after purchasing an additional 451,505 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sherwin-Williams by 79.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company’s stock valued at $219,945,000 after purchasing an additional 289,450 shares during the last quarter. Finally, Canoe Financial LP boosted its stake in shares of Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after acquiring an additional 286,791 shares during the period. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Stock Up 1.0 %

NYSE SHW opened at $344.49 on Thursday. The business has a fifty day moving average price of $354.05 and a two-hundred day moving average price of $364.21. The stock has a market capitalization of $86.64 billion, a PE ratio of 32.65, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the company posted $1.81 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is 29.95%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction 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 owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.