JPMorgan Chase & Co. Increases Holdings in The Sherwin-Williams Company (NYSE:SHW)

JPMorgan Chase & Co. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,032,170 shares of the specialty chemicals company’s stock after purchasing an additional 451,505 shares during the period. JPMorgan Chase & Co. owned approximately 0.81% of Sherwin-Williams worth $690,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at $32,000. Sierra Ocean LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter worth $36,000. Finally, True Wealth Design LLC boosted its position in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SHW. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup restated a “buy” rating and issued a $423.00 price objective (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $401.13.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

Shares of SHW opened at $339.77 on Friday. The stock has a market capitalization of $85.46 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s fifty day moving average price is $353.59 and its 200 day moving average price is $363.91. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

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.