Thames Capital Management LLC bought a new position in shares of Sherwin-Williams Co (NYSE:SHW) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,450 shares of the specialty chemicals company’s stock, valued at approximately $4,285,000. Sherwin-Williams accounts for 2.7% of Thames Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Janus Henderson Group PLC raised its stake in shares of Sherwin-Williams by 27.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after purchasing an additional 288,492 shares during the period. Principal Financial Group Inc. raised its stake in Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the period. Atlantic Trust Group LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $87,798,000. Alliancebernstein L.P. raised its stake in Sherwin-Williams by 87.6% in the 4th quarter. Alliancebernstein L.P. now owns 417,913 shares of the specialty chemicals company’s stock valued at $171,361,000 after acquiring an additional 195,137 shares during the period. Finally, Milestone Resources Group Ltd bought a new stake in Sherwin-Williams in the 4th quarter valued at about $73,042,000. Institutional investors own 74.97% of the company’s stock.
Shares of Sherwin-Williams Co (SHW) traded down $4.75 during midday trading on Wednesday, hitting $409.02. The stock had a trading volume of 456,297 shares, compared to its average volume of 676,690. Sherwin-Williams Co has a 52 week low of $305.70 and a 52 week high of $435.15. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $39,030.92, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm posted $2.15 EPS. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year. analysts anticipate that Sherwin-Williams Co will post 19.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a dividend of $0.86 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $3.44 annualized dividend and a dividend yield of 0.84%. Sherwin-Williams’s payout ratio is presently 18.48%.
A number of equities research analysts recently issued reports on the company. Robert W. Baird restated a “buy” rating and issued a $475.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. Bank of America boosted their price objective on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, KeyCorp restated a “buy” rating and issued a $500.00 price objective (up from $465.00) on shares of Sherwin-Williams in a research note on Monday, January 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams has an average rating of “Buy” and an average price target of $436.20.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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