NEOS Investment Management LLC Acquires 3,527 Shares of The Sherwin-Williams Company (NYSE:SHW)

NEOS Investment Management LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,536 shares of the specialty chemicals company’s stock after purchasing an additional 3,527 shares during the quarter. NEOS Investment Management LLC’s holdings in Sherwin-Williams were worth $4,601,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHW. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after acquiring an additional 138,170 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sherwin-Williams by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after purchasing an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its position in shares of Sherwin-Williams by 5.6% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock valued at $738,261,000 after purchasing an additional 114,591 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sherwin-Williams by 28.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock worth $690,796,000 after purchasing an additional 451,505 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Sherwin-Williams by 12.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after buying an additional 187,724 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value 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. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

SHW stock opened at $345.45 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market cap of $86.88 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.98 and a beta of 1.23. The business’s fifty day simple moving average is $353.87 and its two-hundred day simple moving average is $364.08. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the prior year, the business posted $1.81 EPS. Analysts predict that The Sherwin-Williams Company will post 12 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 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 29.95%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHW. Jefferies Financial Group restated a “hold” rating and set a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.13.

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.