JARISLOWSKY FRASER Ltd Has $132.66 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

JARISLOWSKY FRASER Ltd raised its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 425,326 shares of the specialty chemicals company’s stock after purchasing an additional 1,868 shares during the quarter. JARISLOWSKY FRASER Ltd owned 0.17% of Sherwin-Williams worth $132,659,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SHW. NBC Securities Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $293,000. Victory Capital Management Inc. lifted its holdings in Sherwin-Williams by 31.3% during the 3rd quarter. Victory Capital Management Inc. now owns 178,680 shares of the specialty chemicals company’s stock worth $45,572,000 after buying an additional 42,622 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Sherwin-Williams by 288.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 40,295 shares of the specialty chemicals company’s stock worth $10,277,000 after buying an additional 29,919 shares during the period. Versor Investments LP acquired a new position in Sherwin-Williams during the 3rd quarter worth about $561,000. Finally, PFG Investments LLC acquired a new position in Sherwin-Williams during the 3rd quarter worth about $296,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.75 during trading on Monday, hitting $304.84. The stock had a trading volume of 1,011,100 shares, compared to its average volume of 1,474,598. The Sherwin-Williams Company has a 1 year low of $223.28 and a 1 year high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average is $320.47 and its two-hundred day moving average is $309.35. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.18.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $2.04 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SHW shares. Citigroup cut their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Mizuho decreased their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Wolfe Research started coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Finally, Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $344.41.

Check Out Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.