1,461 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Cullen Investment Group LTD.

Cullen Investment Group LTD. bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,461 shares of the specialty chemicals company’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carnegie Capital Asset Management LLC boosted its position in Sherwin-Williams by 0.7% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 165,708 shares of the specialty chemicals company’s stock valued at $51,684,000 after purchasing an additional 1,181 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Sherwin-Williams during the fourth quarter valued at $1,361,000. Louisiana State Employees Retirement System acquired a new stake in Sherwin-Williams during the fourth quarter valued at $4,429,000. Consolidated Portfolio Review Corp boosted its position in Sherwin-Williams by 1.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 2,978 shares of the specialty chemicals company’s stock valued at $929,000 after purchasing an additional 47 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in Sherwin-Williams by 0.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 170,306 shares of the specialty chemicals company’s stock valued at $53,118,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHW. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Mizuho cut their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Seaport Res Ptn lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Finally, StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.50.

Sherwin-Williams Trading Down 1.3 %

Shares of SHW opened at $313.97 on Tuesday. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $79.89 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.52 and a beta of 1.15. The stock’s 50-day moving average price is $328.68 and its 200 day moving average price is $296.45.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.91%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently 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.