The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 401,419 shares of the specialty chemicals company’s stock after acquiring an additional 25,696 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Sherwin-Williams worth $125,307,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Meixler Investment Management Ltd. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $207,000. Valmark Advisers Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $209,000. Headlands Technologies LLC lifted its holdings in shares of Sherwin-Williams by 21.0% during the fourth quarter. Headlands Technologies LLC now owns 640 shares of the specialty chemicals company’s stock worth $200,000 after purchasing an additional 111 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Sherwin-Williams by 6.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 5,007 shares of the specialty chemicals company’s stock worth $1,562,000 after purchasing an additional 310 shares during the period. Finally, Eos Management L.P. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $328,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

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

Sherwin-Williams Trading Up 0.5 %

Shares of NYSE SHW traded up $1.64 during midday trading on Friday, hitting $306.45. The stock had a trading volume of 1,820,261 shares, compared to its average volume of 1,484,751. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.45 and a beta of 1.15. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The company has a fifty day moving average price of $328.05 and a 200 day moving average price of $299.19.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 earnings per share. On average, analysts predict that The Sherwin-Williams Company will post 11.41 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is currently 30.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho decreased their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday. Wolfe Research started coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Wells Fargo & Company increased their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Seaport Res Ptn cut Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Robert W. Baird increased their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $337.37.

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.