DJE Kapital AG Invests $350,000 in The Sherwin-Williams Company (NYSE:SHW)

DJE Kapital AG bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,033 shares of the specialty chemicals company’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Sherwin-Williams by 2.8% during the third quarter. Farther Finance Advisors LLC now owns 3,469 shares of the specialty chemicals company’s stock worth $1,324,000 after buying an additional 96 shares during the period. Chicago Partners Investment Group LLC increased its position in Sherwin-Williams by 8.5% during the third quarter. Chicago Partners Investment Group LLC now owns 1,841 shares of the specialty chemicals company’s stock worth $668,000 after buying an additional 144 shares during the period. Princeton Global Asset Management LLC acquired a new position in Sherwin-Williams during the third quarter worth approximately $61,000. Conning Inc. increased its position in Sherwin-Williams by 50.1% during the third quarter. Conning Inc. now owns 2,411 shares of the specialty chemicals company’s stock worth $920,000 after buying an additional 805 shares during the period. Finally, Van ECK Associates Corp increased its position in Sherwin-Williams by 8.8% during the third quarter. Van ECK Associates Corp now owns 50,946 shares of the specialty chemicals company’s stock worth $18,479,000 after buying an additional 4,132 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.6 %

Sherwin-Williams stock opened at $356.49 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. 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 $89.66 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The stock’s 50 day moving average price is $351.49 and its 200 day moving average price is $365.86.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm earned $1.81 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SHW shares. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Citigroup reaffirmed a “buy” rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the company from $321.00 to $420.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $403.31.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.