USS Investment Management Ltd Has $17.41 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

USS Investment Management Ltd cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 51,209 shares of the specialty chemicals company’s stock after selling 5,779 shares during the period. USS Investment Management Ltd’s holdings in Sherwin-Williams were worth $17,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHW. Voleon Capital Management LP bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $2,011,000. Merit Financial Group LLC grew its holdings in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares during the period. Kerusso Capital Management LLC raised its position in shares of Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after acquiring an additional 4,439 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $169,000. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Sherwin-Williams by 58.5% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 3,307 shares of the specialty chemicals company’s stock valued at $1,124,000 after purchasing an additional 1,220 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.8%

Shares of SHW stock opened at $359.02 on Wednesday. The stock has a 50 day simple moving average of $342.19 and a 200-day simple moving average of $355.20. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a market cap of $89.97 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. 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 released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.17 earnings per share. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.87%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Royal Bank of Canada boosted their price target 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 price objective on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $397.00.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

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.